Updated Oct 18, 2022 01:35

Non-Reinforced Rubber Tubing Market in China

Market Overview
In , the Chinese non-reinforced rubber tubing market decreased by -% to $ for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. Non-reinforced rubber tubing consumption peaked at $ in , and then declined in the following year.

In value terms, non-reinforced rubber tubing production reduced to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2017 to , production growth remained at a lower figure.


Consumption
In , consumption of rubber tubing not reinforced decreased by -% to tons, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Non-reinforced rubber tubing consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The value of the non-reinforced rubber tubing market in China was estimated at $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for non-reinforced rubber tubing in China, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total non-reinforced rubber tubing consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China non-reinforced rubber tubing market is largely supplied by domestic manufacturers. The growth in the share of China imports of in the non-reinforced rubber tubing market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of non-reinforced rubber tubing; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.