China: Textile Rubber Hose Market 2023

Textile Rubber Hose Market Size in China

The Chinese textile rubber hose market dropped modestly to $X in 2021, which is down by -1.7% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Textile Rubber Hose Production in China

In value terms, textile rubber hose production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Textile Rubber Hose Exports

Exports from China

Textile rubber hose exports from China surged to X tons in 2021, rising by 31% against 2020. Overall, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 45% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, textile rubber hose exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Russia (X tons) and Japan (X tons) were the main destinations of textile rubber hose exports from China, with a combined 33% share of total exports. These countries were followed by Brazil, Vietnam, Lao People's Democratic Republic, South Africa, Canada, Chile, Iran, Mexico, Colombia and Australia, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +47.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile rubber hose exported from China were the United States ($X), Japan ($X) and Russia ($X), with a combined 42% share of total exports. Vietnam, Brazil, Mexico, Iran, Canada, Australia, South Africa, Chile, Colombia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Lao People's Democratic Republic, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, picking up by 3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into China

Textile rubber hose imports into China expanded notably to X tons in 2021, with an increase of 14% compared with the previous year. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, textile rubber hose imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 21%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest textile rubber hose supplier to China, with a 29% share of total imports. Moreover, textile rubber hose imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.0% per year) and Germany (+3.4% per year).

In value terms, Germany ($X), Thailand ($X) and Japan ($X) were the largest textile rubber hose suppliers to China, together comprising 67% of total imports. These countries were followed by South Korea, Hungary, the United States, France, Italy, Malaysia, Mexico, Taiwan (Chinese), Turkey and India, which together accounted for a further 27%.

In terms of the main suppliers, Mexico, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 28%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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