China: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in China

In 2023, the Chinese rubber tube and pipe market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market 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. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in China

In value terms, rubber tube and pipe production totaled $X in 2023 estimated in export price. Over the period under review, the total production indicated notable growth 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

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Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from China

For the third year in a row, China recorded growth in overseas shipments of tubes, pipes and hoses of vulcanized rubber, which increased by X% to X tons in 2023. In general, exports showed a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, rubber tube and pipe exports rose remarkably to $X in 2023. Over the period under review, total exports indicated a prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Russia (X tons) and the United Arab Emirates (X tons) were the main destinations of rubber tube and pipe exports from China, with a combined X% share of total exports. Brazil, Japan, India, Vietnam, Indonesia, Poland, Mexico, Turkey, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from China, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average rubber tube and pipe export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into China

In 2023, purchases abroad of tubes, pipes and hoses of vulcanized rubber decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, rubber tube and pipe imports contracted to $X in 2023. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of rubber tube and pipe imports to China, with a combined X% share of total imports. Thailand, Germany, South Korea, Italy, Turkey, India, Singapore, Mexico, Poland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest rubber tube and pipe suppliers to China were Germany ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. Thailand, Poland, Mexico, South Korea, Italy, Malaysia, India, Turkey, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform