South-Eastern Asia: Textile Rubber Hose Market 2023

Textile Rubber Hose Market Size in South-Eastern Asia

The Southeast Asian textile rubber hose market expanded rapidly to $X in 2021, with an increase of 6.5% against the previous year. In general, consumption, however, showed a buoyant increase. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Textile Rubber Hose Production in South-Eastern Asia

In value terms, textile rubber hose production fell dramatically to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 46%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Textile Rubber Hose Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of rubber hose reinforced with textiles increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, textile rubber hose exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Thailand (X tons) dominates exports structure, together constituting 92% of total exports. Indonesia (X tons), Vietnam (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest textile rubber hose supplier in South-Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 29% share of total exports. It was followed by Indonesia, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +9.4%. In the other countries, the average annual rates were as follows: Malaysia (+0.7% per year) and Indonesia (+26.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, reducing by -4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2013 an increase of 11%. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+15.9%), while the other leaders experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of rubber hose reinforced with textiles increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a perceptible descent. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, textile rubber hose imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), Singapore (X tons), the Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) were the key importers of rubber hose reinforced with textiles, together creating 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), together accounting for 77% of total imports. These countries were followed by Singapore, Malaysia and the Philippines, which together accounted for a further 22%.

Malaysia, with a CAGR of +14.1%, recorded the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 4.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.5% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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