Rubber Tube And Pipe Market

The global market for tubes, pipes, and hoses of vulcanized rubber is expected to exhibit positive growth trends in volume and value through 2030. Consumption, production, exports, and imports are all projected to increase, with key players including China, the United States, and Japan leading the way. While there have been fluctuations in consumption and production volume over the years, overall growth is expected to continue. Prices have shown stability, with some countries experiencing notable increases in export prices. The market is set to see gradual but steady growth in the coming years, driven by increasing demand worldwide.

Market Forecast

Driven by increasing demand for tubes, pipes and hoses of vulcanized rubber worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 6.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $57.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Tubes, Pipes And Hoses Of Vulcanized Rubber

In 2022, consumption of tubes, pipes and hoses of vulcanized rubber decreased by -5.3% to 5M tons for the first time since 2018, thus ending a three-year rising trend. The total consumption volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the consumption volume increased by 7.5%. Global consumption peaked at 5.2M tons in 2021, and then reduced in the following year.

The global rubber tube and pipe market revenue reduced to $40.7B in 2022, shrinking by -5.1% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $42.9B in 2021, and then reduced in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Brazil (995K tons), China (968K tons) and Japan (729K tons), with a combined 54% share of global consumption. The United States, Pakistan, Germany, Mexico, Canada, Turkey, India and the UK lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +8.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($13.8B) led the market, alone. The second position in the ranking was held by the United States ($5.8B). It was followed by China.

In Japan, the rubber tube and pipe market contracted by an average annual rate of -2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+9.4% per year) and China (+4.3% per year).

The countries with the highest levels of rubber tube and pipe per capita consumption in 2022 were Japan (5.8 kg per person), Brazil (4.6 kg per person) and Canada (2.2 kg per person).

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +6.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Tubes, Pipes And Hoses Of Vulcanized Rubber

In 2022, production of tubes, pipes and hoses of vulcanized rubber decreased by -4.8% to 5M tons for the first time since 2018, thus ending a three-year rising trend. The total output volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 8.1% against the previous year. Over the period under review, global production reached the peak volume at 5.2M tons in 2021, and then shrank slightly in the following year.

In value terms, rubber tube and pipe production dropped to $42.2B in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +6.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37%. Global production peaked at $53.5B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.2M tons), Brazil (961K tons) and Japan (738K tons), with a combined 59% share of global production. The United States, Mexico, Turkey, Pakistan, Italy, India, Thailand and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of +9.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

In 2022, supplies from abroad of tubes, pipes and hoses of vulcanized rubber increased by 3.7% to 1.3M tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rubber tube and pipe imports reached $12.1B in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (268K tons), distantly followed by Germany (107K tons) and Canada (58K tons) represented the major importers of tubes, pipes and hoses of vulcanized rubber, together generating 34% of total imports. The following importers - Italy (41K tons), Brazil (39K tons), France (38K tons), Poland (36K tons), Spain (35K tons), Russia (34K tons), the UK (34K tons), China (33K tons), the Netherlands (29K tons) and the Czech Republic (25K tons) - together made up 27% of total imports.

From 2012 to 2022, average annual rates of growth with regard to rubber tube and pipe imports into the United States stood at +6.5%. At the same time, Poland (+8.0%), Brazil (+5.3%), Italy (+5.3%), Germany (+3.4%), France (+1.9%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +8.0% from 2012-2022. The Czech Republic, Canada, Russia, the Netherlands, the UK and China experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.2B) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber worldwide, comprising 18% of global imports. The second position in the ranking was taken by Germany ($1B), with an 8.3% share of global imports. It was followed by Canada, with a 4.6% share.

In the United States, rubber tube and pipe imports increased at an average annual rate of +5.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.9% per year) and Canada (+1.4% per year).

Import Prices By Country

In 2022, the average rubber tube and pipe import price amounted to $9,626 per ton, flattening at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 5.3% against the previous year. Global import price peaked at $9,934 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 China ($16,783 per ton), while Russia ($4,922 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

In 2022, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 5.9% to 1.3M tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, rubber tube and pipe exports reached $11.6B in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, China (278K tons), distantly followed by the United States (101K tons), Turkey (92K tons), Mexico (89K tons), Italy (78K tons), Germany (61K tons), Poland (60K tons) and the Czech Republic (58K tons) were the key exporters of tubes, pipes and hoses of vulcanized rubber, together generating 65% of total exports. Malaysia (44K tons), Thailand (40K tons), India (36K tons), Japan (28K tons) and the Netherlands (27K tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Poland (+11.7%), India (+8.8%), Mexico (+8.6%), the Czech Republic (+5.0%), the Netherlands (+3.6%), Thailand (+3.1%), Malaysia (+2.5%) and Turkey (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.7% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Germany (-1.6%), the United States (-2.0%) and Japan (-2.1%) illustrated a downward trend over the same period. China (+5.7 p.p.), Mexico (+2.9 p.p.) and Poland (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Germany and the United States saw its share reduced by -2.6%, -2.8% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.4B), Germany ($1.2B) and the United States ($1.1B) were the countries with the highest levels of exports in 2022, together accounting for 32% of global exports. Mexico, Italy, Turkey, Poland, the Czech Republic, Japan, Thailand, India, Malaysia and the Netherlands lagged somewhat behind, together accounting for a further 41%.

In terms of the main exporting countries, India, with a CAGR of +14.3%, recorded the highest growth rate of the value of exports, 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 rubber tube and pipe export price amounted to $9,186 per ton, reducing by -2.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1.7% against the previous year. Over the period under review, the average export prices attained the maximum at $9,599 per ton in 2013; however, from 2014 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 ($18,868 per ton), while Malaysia ($4,476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform