Northern America: Textile Rubber Hose Market 2023

Textile Rubber Hose Market Size in Northern America

After two years of decline, the North American textile rubber hose market increased by 15% to $X in 2021. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Textile Rubber Hose Production in Northern America

In value terms, textile rubber hose production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Textile Rubber Hose Exports

Exports in Northern America

In 2021, overseas shipments of rubber hose reinforced with textiles were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile rubber hose exports soared to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period 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 23%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 7.8% share of total exports.

The United States was also the fastest-growing in terms of the rubber hose reinforced with textiles exports, with a CAGR of -3.7% from 2012 to 2021. Canada (-4.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest textile rubber hose supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

In the United States, textile rubber hose exports expanded at an average annual rate of +1.9% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 5.8% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile rubber hose export price increased by +104.7% against 2014 indices. The growth pace was the most rapid in 2016 when the export price increased by 32% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.8%).

Textile Rubber Hose Imports

Imports in Northern America

In 2021, supplies from abroad of rubber hose reinforced with textiles increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near 91% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 9.3% share of total imports.

The United States was also the fastest-growing in terms of the rubber hose reinforced with textiles imports, with a CAGR of +6.3% from 2012 to 2021. Canada (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +10 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +4.0%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with a decrease of -3.5% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2015 an increase of 5.8% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Source: IndexBox Platform

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