Southern Asia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Southern Asia

The South Asian rubber tube and pipe market expanded sharply to $X in 2023, growing by X% against the previous year. The total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Southern Asia

In value terms, rubber tube and pipe production amounted to $X in 2023 estimated in export price. Over the period under review, production posted a buoyant increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Southern Asia

After two years of growth, overseas shipments of tubes, pipes and hoses of vulcanized rubber decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, rubber tube and pipe exports reached $X in 2023. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Exports by Country

India prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Pakistan (X tons) held a minor share of total exports.

India was also the fastest-growing in terms of the tubes, pipes and hoses of vulcanized rubber exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest rubber tube and pipe supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, rubber tube and pipe exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, rubber tube and pipe export price increased by X% against 2012 indices. The growth pace was the most rapid in 2022 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Southern Asia

In 2023, overseas purchases of tubes, pipes and hoses of vulcanized rubber increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, rubber tube and pipe imports contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, India (X tons) represented the key importer of tubes, pipes and hoses of vulcanized rubber, creating X% of total imports. It was distantly followed by Bangladesh (X tons) and Pakistan (X tons), together achieving a X% share of total imports. Sri Lanka (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rubber tube and pipe imports into India stood at X%. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Pakistan and Sri Lanka experienced a relatively flat trend pattern. While the share of Bangladesh (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, rubber tube and pipe imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform