Saudi Arabia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Saudi Arabia

The Saudi metal-reinforced rubber hose market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Metal-reinforced rubber hose consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Saudi Arabia

In value terms, metal-reinforced rubber hose production stood at $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Metal-reinforced rubber hose production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Metal-Reinforced Rubber Hose Exports

Exports from Saudi Arabia

In 2022, after five years of decline, there was significant growth in overseas shipments of rubber hose reinforced with metal, when their volume increased by X% to X kg. In general, exports, however, saw a dramatic decline. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X kg) was the main destination for metal-reinforced rubber hose exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, metal-reinforced rubber hose exports to Oman exceeded the volume sent to the second major destination, Bolivia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Oman was relatively modest.

In value terms, Oman ($X) emerged as the key foreign market for rubber hose reinforced with metal exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bolivia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%).

Metal-Reinforced Rubber Hose Imports

Imports into Saudi Arabia

In 2022, purchases abroad of rubber hose reinforced with metal decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports stood at $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to Saudi Arabia, with a X% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) appeared to be the largest metal-reinforced rubber hose suppliers to Saudi Arabia, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform