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U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2030
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Article Publishing Date: Jan 11, 2023
U.S. Hose and Belt Import Falls 5%, Averaging 52K Tons in November 2022
U.S. Hose and Belt Imports
In November 2022, approximately 52K tons of rubber and plastic hoses and belting were imported into the United States; waning by -5.1% compared with the previous month. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 15% month-to-month. Imports peaked at 64K tons in May 2022; however, from June 2022 to November 2022, imports stood at a somewhat lower figure.
In value terms, hose and belt imports fell to $417M (IndexBox estimates) in November 2022. The total import value increased at an average monthly rate of +1.9% over the period from January 2022 to November 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2022 when imports increased by 17% against the previous month. Imports peaked at 468K tons in May 2022; however, from June 2022 to November 2022, imports stood at a somewhat lower figure.
Imports by Country
Mexico (12K tons), China (12K tons) and Canada (5.8K tons) were the main suppliers of hose and belt imports to the United States, with a combined 58% share of total imports. These countries were followed by India, Taiwan (Chinese), South Korea, Turkey, Italy, Japan, Thailand, Germany, Spain and Vietnam, which together accounted for a further 33%.
From January 2022 to November 2022, the biggest increases were in South Korea (with a CAGR of +5.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest hose and belt suppliers to the United States were Mexico ($105M), China ($57M) and Canada ($39M), with a combined 48% share of total imports. These countries were followed by Japan, India, Germany, Italy, South Korea, Taiwan (Chinese), Thailand, Turkey, Spain and Vietnam, which together accounted for a further 34%.
Spain, with a CAGR of +6.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In November 2022, the hose and belt price stood at $7,958 per ton (CIF, US), approximately mirroring the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 5.2% against the previous month. Over the period under review, average import prices reached the maximum in November 2022.
There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Japan ($18.3 per kg), while the price for Vietnam ($4,510 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Factors Affecting Hose and Belt Prices
There are several factors that contribute to the price of a hose or belt. The first is the cost of raw materials. Hoses and belts are made from a variety of materials, including rubber, plastic, metal, and fabric. The price of these materials can fluctuate based on market conditions.
The second factor is the cost of labor. Hoses and belts are manufactured all over the world, and the cost of labor can vary greatly from one country to another. In addition, the level of automation in the manufacturing process can also affect labor costs.
The third factor is shipping costs. Hoses and belts must be shipped from the factory to the customer, and this can add to the overall price.
Finally, there are other miscellaneous costs associated with hoses and belts, such as marketing and advertising expenses. All of these factors must be considered when setting prices for hoses and belts.
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 2030.
Product coverage:
• NAICS 326220 - Rubber and plastics hoses and belting manufacturing
Companies mentioned:
• 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
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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