United Kingdom: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the UK

The UK metal-reinforced rubber hose market skyrocketed to $X in 2022, rising by 35% against the previous year. In general, consumption continues to indicate a slight expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal-Reinforced Rubber Hose Production in the UK

In value terms, metal-reinforced rubber hose production contracted to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from the UK

In 2022, exports of rubber hose reinforced with metal from the UK dropped significantly to X tons, falling by -19.2% compared with 2021 figures. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports dropped remarkably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Canada (X tons), Italy (X tons) and Poland (X tons) were the main destinations of metal-reinforced rubber hose exports from the UK, together accounting for 24% of total exports. Germany, Ireland, the United States, France, Austria, India, Belgium, the Netherlands, Serbia and New Zealand lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +299.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from the UK were Austria ($X), the United States ($X) and Italy ($X), with a combined 35% share of total exports. Germany, Ireland, France, Canada, India, Poland, Belgium, the Netherlands, New Zealand and Serbia lagged somewhat behind, together comprising a further 36%.

Serbia, with a CAGR of +154.8%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, dropping by -15.5% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal-reinforced rubber hose export price increased by +82.5% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Serbia ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into the UK

In 2022, approx. X tons of rubber hose reinforced with metal were imported into the UK; jumping by 38% on the previous year's figure. In general, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +46.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +88.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tons), China (X tons) and Austria (X tons) were the main suppliers of metal-reinforced rubber hose imports to the UK, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of rubber hose reinforced with metal to the UK, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by the United States, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.7% per year) and the United States (+1.4% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, dropping by -4.9% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal-reinforced rubber hose import price increased by +78.5% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 the Czech Republic (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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