Metal-Reinforced Rubber Hose Market

The global metal-reinforced rubber hose market is projected to see growth in consumption and value over the next eight years, with forecasts showing a CAGR of +3.1% in volume and +4.9% in value from 2022 to 2030. China is the largest consumer and producer, while the United States and Germany are key importers. Market performance is expected to expand, despite some fluctuations recorded in the trend pattern. Global production and consumption are on the rise, with noticeable growth rates in countries like Mexico and Poland. Import and export volumes are increasing, with China leading in exports and imports. Prices have seen fluctuations, with Germany having the highest export price and China the lowest. Overall, the market shows potential for continued growth in the near future.

Market Forecast

Driven by increasing demand for rubber hose reinforced with metal worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $8.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Rubber Hose Reinforced With Metal

In 2022, the amount of rubber hose reinforced with metal consumed worldwide contracted modestly to 963K tons, remaining stable against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.9% against 2020 indices. Global consumption peaked at 1M tons in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global metal-reinforced rubber hose market revenue reduced modestly to $6.1B in 2022, which is down by -2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a prominent expansion. Over the period under review, the global market attained the peak level at $6.6B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of metal-reinforced rubber hose consumption was China (216K tons), comprising approx. 22% of total volume. Moreover, metal-reinforced rubber hose consumption in China exceeded the figures recorded by the second-largest consumer, the United States (106K tons), twofold. The third position in this ranking was taken by India (97K tons), with a 10% share.

In China, metal-reinforced rubber hose consumption expanded at an average annual rate of +5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+4.2% per year) and India (+8.2% per year).

In value terms, Turkey ($1.2B), the United States ($762M) and China ($681M) constituted the countries with the highest levels of market value in 2022, with a combined 43% share of the global market. Brazil, India, Italy, Germany, Japan, Russia, Mexico, Indonesia, Canada and South Korea lagged somewhat behind, together accounting for a further 33%.

In terms of the main consuming countries, Mexico, with a CAGR of +10.2%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of metal-reinforced rubber hose per capita consumption in 2022 were Italy (660 kg per 1000 persons), Canada (490 kg per 1000 persons) and Germany (450 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +9.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Rubber Hose Reinforced With Metal

Global metal-reinforced rubber hose production shrank to 968K tons in 2022, dropping by -3.1% on the year before. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, global production reached the peak volume at 1M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, metal-reinforced rubber hose production fell to $7B in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 143%. Global production peaked at $14.9B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (322K tons) remains the largest metal-reinforced rubber hose producing country worldwide, accounting for 33% of total volume. Moreover, metal-reinforced rubber hose production in China exceeded the figures recorded by the second-largest producer, India (108K tons), threefold. The third position in this ranking was held by the United States (76K tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +6.6%. The remaining producing countries recorded the following average annual rates of production growth: India (+8.1% per year) and the United States (+2.2% per year).

Imports

World Imports of Rubber Hose Reinforced With Metal

In 2022, purchases abroad of rubber hose reinforced with metal increased by 8.5% to 399K tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +41.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal-reinforced rubber hose imports expanded notably to $2.2B in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

The United States (58K tons) and Germany (47K tons) represented the key importers of rubber hose reinforced with metal in 2022, resulting at approx. 14% and 12% of total imports, respectively. Canada (21K tons) held a 5.3% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (5.3%) and Italy (5.2%). The following importers - Poland (17K tons), Russia (17K tons), Australia (14K tons), the UK (12K tons), China (11K tons), the Czech Republic (9.9K tons), France (9.3K tons) and the United Arab Emirates (7.6K tons) - together made up 25% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +13.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose importing markets worldwide were the United States ($350M), Germany ($247M) and Canada ($128M), together accounting for 33% of global imports. Italy, Brazil, Australia, Poland, the UK, China, France, Russia, the Czech Republic and the United Arab Emirates lagged somewhat behind, together comprising a further 32%.

Poland, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average metal-reinforced rubber hose import price amounted to $5,462 per ton, increasing by 4.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. Over the period under review, average import prices attained the maximum at $5,819 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($6,294 per ton), while Russia ($3,346 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Rubber Hose Reinforced With Metal

In 2022, overseas shipments of rubber hose reinforced with metal increased by 2.7% to 404K tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal-reinforced rubber hose exports expanded notably to $2.1B in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

China represented the largest exporting country with an export of about 117K tons, which reached 29% of total exports. Italy (47K tons) ranks second in terms of the total exports with a 12% share, followed by Turkey (7.1%), the United States (6.8%), Poland (6.7%), the Czech Republic (6.4%) and Malaysia (4.6%). India (17K tons), Thailand (14K tons), Germany (12K tons), Mexico (12K tons) and Singapore (6.3K tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Poland (+22.5%), Mexico (+8.2%), Malaysia (+7.6%), the Czech Republic (+7.4%), India (+6.4%) and Thailand (+1.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.5% from 2012-2022. The United States, Italy, Turkey and Singapore experienced a relatively flat trend pattern. By contrast, Germany (-2.3%) illustrated a downward trend over the same period. While the share of China (+9.1 p.p.), Poland (+5.4 p.p.) and the Czech Republic (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.3 p.p.), Germany (-2.6 p.p.), Turkey (-3.7 p.p.) and Italy (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($384M), Italy ($312M) and the United States ($219M) constituted the countries with the highest levels of exports in 2022, together accounting for 43% of global exports. Poland, Turkey, the Czech Republic, Germany, Malaysia, Thailand, India, Mexico and Singapore lagged somewhat behind, together comprising a further 42%.

Poland, with a CAGR of +23.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average metal-reinforced rubber hose export price amounted to $5,285 per ton, with an increase of 6.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 7.3%. The global export price peaked at $5,538 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,405 per ton), while China ($3,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform