Latin America and the Caribbean: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Latin America and the Caribbean

In 2022, the Latin American textile rubber hose market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a slight curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Textile Rubber Hose Production in Latin America and the Caribbean

In value terms, textile rubber hose production expanded notably to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Textile Rubber Hose Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of rubber hose reinforced with textiles were exported in Latin America and the Caribbean; picking up by X% on the previous year's figure. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, textile rubber hose exports soared to $X in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), achieving a X% share of total exports. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the rubber hose reinforced with textiles exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest textile rubber hose supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, textile rubber hose exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the export price figures.

Textile Rubber Hose Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of rubber hose reinforced with textiles increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, textile rubber hose imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Mexico (X tons) was the major importer of rubber hose reinforced with textiles, creating X% of total imports. It was distantly followed by Brazil (X tons) and Argentina (X tons), together constituting a X% share of total imports. The following importers - Chile (X tons), Peru (X tons), Colombia (X tons) and Ecuador (X tons) - together made up X% of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of rubber hose reinforced with textiles. At the same time, Ecuador (X%), Argentina (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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