U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2025
U.S. Rubber And Plastic Hoses And Belting Market | Mitsuboshi Belting Ltd., U.S. Rubber Corp., VIS USA, Uniband USA
IndexBox has just published a new report, the U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.
The revenue of the rubber market in the U.S. amounted to $5B in 2018, therefore, remained relatively stable 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, rubber consumption, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014, with an increase of 17% y-o-y. In that year, the rubber market reached its peak level of $6.2B. From 2015 to 2018, the growth of the rubber market remained at a somewhat lower figure.
Rubber Production in the USA
In value terms, rubber production amounted to $5.4B in 2018. Overall, rubber production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when it surged by 4.2% y-o-y. Rubber production peaked in 2018, and is likely to see steady growth in the immediate term.
Exports from the USA
Rubber exports from the U.S. amounted to 39K tonnes in 2018, picking up by 3.5% against the previous year. Overall, rubber exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2014, when the exports increased by 28% y-o-y. In that year, rubber exports attained their peak of 54K tonnes. From 2015 to 2018, the growth of rubber exports remained at a lower figure.
In value terms, rubber exports amounted to $369M (IndexBox estimates) in 2018. In general, rubber exports continue to indicate a relatively flat trend pattern. Over the period under review, rubber exports reached their maximum at $384M in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.
Exports by Country
China (4.2K tonnes), Saudi Arabia (4.1K tonnes) and Australia (3K tonnes) were the main destinations of rubber exports from the U.S., with a combined 29% share of total exports.
From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Saudi Arabia (+52.1% per year), while the other leaders experienced more modest paces of growth.
In value terms, China ($48M), Australia ($33M) and Brazil ($24M) appeared to be the largest markets for rubber exported from the U.S. worldwide, with a combined 28% share of total exports. Japan, Saudi Arabia, Belgium, Singapore, Germany, Colombia, Peru, Chile and the United Arab Emirates lagged somewhat behind, together accounting for a further 34%.
Export Prices by Country
The average rubber export price stood at $9.4 per kg in 2018, rising by 11% against the previous year. Overall, the rubber export price continues to indicate a relatively flat trend pattern.
Export prices varied noticeably by the country of origin; the country with the highest export price was Japan ($21,379 per tonne), while the average price for exports to Chile ($4,458 per tonne) was amongst the lowest.
From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Japan, while the export prices for the other major destinations experienced more modest paces of growth.
Imports into the USA
In 2018, approx. 369K tonnes of rubber and plastic hoses and belting were imported into the U.S.; picking up by 12% against the previous year. In value terms, rubber imports totaled $2B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.3% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. In that year, rubber imports attained their peak , and are likely to continue its growth in the immediate term.
Imports by Country
In 2018, China (201K tonnes) constituted the largest rubber supplier to the U.S., accounting for a 55% share of total imports. Moreover, rubber imports from China exceeded the figures recorded by the second largest supplier, Taiwan, Chinese (27K tonnes), eightfold. The third position in this ranking was occupied by Turkey (21K tonnes), with a 5.8% share.
From 2013 to 2018, the average annual rate of growth in terms of volume from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan, Chinese (-1.1% per year) and Turkey (+10.3% per year).
In value terms, China ($783M) constituted the largest supplier of rubber to the U.S., comprising 38% of total rubber imports. The second position in the ranking was occupied by Japan ($223M), with a 11% share of total imports. It was followed by Germany, with a 6.9% share.
Import Prices by Country
In 2018, the average rubber import price amounted to $5.6 per kg, going up by 2.8% against the previous year. In general, the rubber import price continues to indicate a pronounced descent.
There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Germany ($16,515 per tonne), while the price for China ($3,894 per tonne) was amongst the lowest.
From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Thailand, while the import prices for the other major suppliers experienced more modest paces of growth.
Companies Mentioned in the Report
The Gates Corporation, Fiskars Brands, TTI Floor Care North America, DTR Industries, J.G.B. Enterprises, Beltservice Corporation, Newage Industries, Hitachi Cable America, The Flexaust Company, Titeflex Corporation, Kongsberg Actuation Systems II, Fna Group, Ammeraal Beltech, Bando Usa, Flexible Technologies, Tramec, Teknor Apex Tennessee Company, Tedd Smith, All-American Holdings, Contitech Thermopol, Dayco Products, Continental Plastics Co., U.S. Wire & Cable Corporation, Tigerflex Corporation, Plastic Specialties and Technologies, Forbo Siegling, Fenner U.S. Holdings, Eaton-Aeroquip, Aeroquip-Vickers, HBD Industries, All-American Hose
Source: IndexBox AI Platform
This report provides an in-depth analysis of the hose and belt market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
We can help you conduct market research and write a report using the most reliable data