U.S.: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the U.S.

The U.S. metal-reinforced rubber hose market skyrocketed to $X in 2022, rising by 22% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Metal-Reinforced Rubber Hose Production in the U.S.

In value terms, metal-reinforced rubber hose production expanded rapidly to $X in 2022. Overall, production posted a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 43% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from the U.S.

In 2022, shipments abroad of rubber hose reinforced with metal increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, metal-reinforced rubber hose exports surged to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for metal-reinforced rubber hose exports from the United States, with a 58% share of total exports. Moreover, metal-reinforced rubber hose exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), ninefold. China (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-6.9% per year) and China (+12.0% per year).

In value terms, Canada ($X) remains the key foreign market for rubber hose reinforced with metal exports from the United States, comprising 39% of total exports. The second position in the ranking was held by Mexico ($X), with a 9% share of total exports. It was followed by Australia, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.2% per year) and Australia (+8.0% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, increasing by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 an increase of 10% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Canada ($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 Mexico (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into the U.S.

In 2022, purchases abroad of rubber hose reinforced with metal increased by 24% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +89.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal-reinforced rubber hose imports to the United States, with a combined 48% share of total imports. Turkey, Thailand, India and Malaysia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +11.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to the United States were Mexico ($X), Italy ($X) and Turkey ($X), with a combined 47% share of total imports. China, Thailand, Malaysia and India lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, India, with a CAGR of +11.0%, recorded the highest rates of growth with regard to 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

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, picking up by 7.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.7%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :