Textile Rubber Hose Market

The article provides a comprehensive analysis of the global market for rubber hose reinforced with textiles, projecting an upward consumption trend over the next eight years. Market performance is forecasted to increase with a CAGR of +1.3% in volume and +3.3% in value from 2022 to 2030. Consumption patterns, production statistics, import/export trends, and key market players are all covered in detail, offering valuable insights into the evolving landscape of the industry.

Market Forecast

Driven by increasing demand for rubber hose reinforced with textiles worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 901K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $10.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Rubber Hose Reinforced With Textiles

In 2022, consumption of rubber hose reinforced with textiles increased by 1.4% to 811K tons, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, global consumption reached the peak volume at 854K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global textile rubber hose market value shrank slightly to $8.2B in 2022, leveling off at 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 recorded modest growth. The growth pace was the most rapid in 2018 when the market value increased by 9.7% against the previous year. Global consumption peaked at $9.3B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (187K tons), the United States (95K tons) and India (74K tons), with a combined 44% share of global consumption. Russia, Indonesia, Pakistan, Brazil, Japan, Bangladesh, Mexico, Turkey, South Korea and Canada lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +8.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose markets worldwide were Turkey ($1.3B), China ($1B) and Japan ($694M), with a combined 37% share of the global market. The United States, India, Bangladesh, Brazil, Indonesia, Pakistan, South Korea, Canada, Mexico and Russia lagged somewhat behind, together accounting for a further 38%.

In terms of the main consuming countries, Canada, with a CAGR of +9.8%, recorded the highest growth rate of 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 textile rubber hose per capita consumption in 2022 were Canada (357 kg per 1000 persons), South Korea (322 kg per 1000 persons) and the United States (282 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +7.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Rubber Hose Reinforced With Textiles

In 2022, production of rubber hose reinforced with textiles increased by 0.1% to 759K tons, rising for the second year in a row after two years of decline. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Global production peaked at 802K tons in 2018; however, from 2019 to 2022, production failed to regain momentum.

In value terms, textile rubber hose production declined to $9.8B in 2022 estimated in export price. In general, production posted a temperate increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 54%. As a result, production reached the peak level of $14.6B. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of textile rubber hose production was China (214K tons), comprising approx. 28% of total volume. Moreover, textile rubber hose production in China exceeded the figures recorded by the second-largest producer, India (79K tons), threefold. The third position in this ranking was taken by the United States (51K tons), with a 6.7% share.

In China, textile rubber hose production increased at an average annual rate of +1.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+1.7% per year) and the United States (-1.6% per year).

Imports

World Imports of Rubber Hose Reinforced With Textiles

In 2022, purchases abroad of rubber hose reinforced with textiles increased by 4.1% to 263K tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Over the period under review, global imports hit record highs at 267K tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, textile rubber hose imports stood at $2.4B in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Global imports peaked at $2.7B in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

The United States represented the largest importer of rubber hose reinforced with textiles in the world, with the volume of imports accounting for 68K tons, which was approx. 26% of total imports in 2022. Mexico (26K tons) held the second position in the ranking, followed by Germany (16K tons). All these countries together took approx. 16% share of total imports. The following importers - Italy (8.5K tons), China (8.2K tons), Spain (8.2K tons), Canada (8K tons), the Netherlands (7K tons), Russia (7K tons), Japan (6K tons), the Czech Republic (5.6K tons), Brazil (5.4K tons) and the UK (5.3K tons) - together made up 26% of total imports.

The United States was also the fastest-growing in terms of the rubber hose reinforced with textiles imports, with a CAGR of +6.3% from 2012 to 2022. At the same time, the Netherlands (+4.0%), Italy (+3.9%), Spain (+2.2%), Mexico (+2.1%) and Brazil (+1.9%) displayed positive paces of growth. China and the Czech Republic experienced a relatively flat trend pattern. By contrast, Canada (-1.1%), Japan (-1.7%), Germany (-3.0%), Russia (-3.7%) and the UK (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Mexico increased by +11 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($485M) constitutes the largest market for imported rubber hose reinforced with textiles worldwide, comprising 20% of global imports. The second position in the ranking was taken by Mexico ($236M), with a 9.7% share of global imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+3.2% per year) and Germany (-5.0% per year).

Import Prices By Country

The average textile rubber hose import price stood at $9,213 per ton in 2022, with a decrease of -3.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2.2% against the previous year. Over the period under review, average import prices attained the peak figure at $10,199 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($15,569 per ton), while Russia ($4,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Rubber Hose Reinforced With Textiles

In 2022, approx. 211K tons of rubber hose reinforced with textiles were exported worldwide; remaining stable against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. The global exports peaked at 234K tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile rubber hose exports rose to $2.2B in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21%. Over the period under review, the global exports attained the peak figure at $2.2B in 2018; afterwards, it flattened through to 2022.

Exports By Country

China (35K tons) and the United States (24K tons) represented the major exporters of rubber hose reinforced with textiles in 2022, recording near 16% and 11% of total exports, respectively. Mexico (16K tons) ranks next in terms of the total exports with a 7.5% share, followed by Turkey (7%), Malaysia (6%), Germany (5.9%), the Czech Republic (5.7%) and Thailand (5.4%). Japan (7.3K tons), Italy (7.2K tons), India (7.2K tons), Spain (6.4K tons) and France (4.5K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +11.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($290M), Germany ($282M) and China ($205M) were the countries with the highest levels of exports in 2022, together accounting for 35% of global exports. Japan, Mexico, Thailand, Turkey, Italy, the Czech Republic, India, France, Spain and Malaysia lagged somewhat behind, together comprising a further 43%.

Among the main exporting countries, India, with a CAGR of +16.6%, recorded the highest rates of growth with regard to 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

The average textile rubber hose export price stood at $10,410 per ton in 2022, with an increase of 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 9.6%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($24,046 per ton), while Malaysia ($3,766 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 (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform