Middle East: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the Middle East

The Middle Eastern metal-reinforced rubber hose market dropped significantly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in the Middle East

In value terms, metal-reinforced rubber hose production fell to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Metal-Reinforced Rubber Hose Exports

Exports in the Middle East

In 2022, exports of rubber hose reinforced with metal in the Middle East contracted to X tons, shrinking by X% compared with the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of rubber hose reinforced with metal. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal-reinforced rubber hose supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Metal-Reinforced Rubber Hose Imports

Imports in the Middle East

In 2022, supplies from abroad of rubber hose reinforced with metal increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the largest importer of rubber hose reinforced with metal, making up X% of total imports. It was distantly followed by Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and Iraq (X tons), together constituting a X% share of total imports. Israel (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), with a combined X% share of total imports. Israel, Saudi Arabia and Iraq lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform