Sweden: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Sweden

In 2022, the Swedish metal-reinforced rubber hose market increased by 6.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a noticeable setback. Metal-reinforced rubber hose consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Sweden

In 2022, shipments abroad of rubber hose reinforced with metal increased by 37% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose exports stood at $X in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons) was the main destination for metal-reinforced rubber hose exports from Sweden, accounting for a 43% share of total exports. Moreover, metal-reinforced rubber hose exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.9% per year) and Indonesia (+67.9% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from Sweden were Denmark ($X), Indonesia ($X) and Norway ($X), with a combined 42% share of total exports.

Indonesia, with a CAGR of +70.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, falling by -17.2% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 22%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 the United States (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Sweden

In 2022, overseas purchases of rubber hose reinforced with metal increased by 11% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose imports rose notably to $X in 2022. Over the period under review, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Belgium (X tons) and the Czech Republic (X tons) were the main suppliers of metal-reinforced rubber hose imports to Sweden, with a combined 67% share of total imports. Turkey, Poland, Finland, Germany and India lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to Sweden were the Czech Republic ($X), Italy ($X) and Poland ($X), together comprising 60% of total imports.

Poland, with a CAGR of +50.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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