Spain: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Spain

In 2022, the Spanish metal-reinforced rubber hose market increased by 43% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Spain

In value terms, metal-reinforced rubber hose production soared to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. Metal-reinforced rubber hose production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Spain

In 2022, the amount of rubber hose reinforced with metal exported from Spain soared to X tons, picking up by 15% on the previous year's figure. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, metal-reinforced rubber hose exports stood at $X in 2022. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 51%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of metal-reinforced rubber hose exports from Spain, together accounting for 58% of total exports. Morocco, Germany, the Netherlands, Belgium, the UK, Romania, Ireland, Hungary and Oman lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Spain were France ($X), Italy ($X) and Portugal ($X), with a combined 57% share of total exports. Morocco, Germany, the Netherlands, the UK, Romania, Belgium, Ireland, Hungary and Oman lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Morocco, with a CAGR of +56.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, which is down by -6% against the previous year. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 4.4%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+0.5%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Spain

In 2022, purchases abroad of rubber hose reinforced with metal increased by 25% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal-reinforced rubber hose to Spain, with a 45% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.2% per year) and Turkey (+9.9% per year).

In value terms, the largest metal-reinforced rubber hose suppliers to Spain were China ($X), Italy ($X) and Turkey ($X), together comprising 67% of total imports. North Macedonia, Germany, Austria, the Czech Republic and India lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, the Czech Republic, with a CAGR of +64.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, increasing by 9.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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