ASEAN: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in ASEAN

The ASEAN metal-reinforced rubber hose market skyrocketed to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a resilient increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Metal-Reinforced Rubber Hose Production in ASEAN

In value terms, metal-reinforced rubber hose production surged to $X in 2023 estimated in export price. In general, production, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in ASEAN

After two years of growth, shipments abroad of rubber hose reinforced with metal decreased by X% to X tons in 2023. Total exports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporting country with an export of around X tons, which amounted to X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%). Indonesia (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the rubber hose reinforced with metal exports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia increased by X percentage points.

In value terms, the largest metal-reinforced rubber hose supplying countries in ASEAN were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total exports.

Among the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in ASEAN

In 2023, after two years of growth, there was significant decline in purchases abroad of rubber hose reinforced with metal, when their volume decreased by X% to X tons. Total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, metal-reinforced rubber hose imports reduced to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

Indonesia (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Thailand (X tons), the Philippines (X tons), Singapore (X tons) and Malaysia (X tons), together generating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total imports. Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, approximately mirroring the previous year. In general, the import price saw a perceptible setback. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform