Updated Oct 18, 2022 01:36

Non-Reinforced Rubber Tubing Market in Democratic Republic of the Congo

Market Overview
After four years of growth, the Congolese non-reinforced rubber tubing market decreased by -% to $ in . Over the period under review, consumption, however, showed a prominent expansion. Over the period under review, the market attained the maximum level at $ in , and then shrank rapidly in the following year.

In value terms, non-reinforced rubber tubing production shrank markedly to $ in estimated in export price. Overall, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by %. Over the period under review, production attained the maximum level at $ in , and then fell sharply in the following year.


Consumption
In , the amount of rubber tubing not reinforced consumed in Democratic Republic of the Congo expanded to tons, surging by % against . Over the period under review, consumption recorded a prominent increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.

The revenue of the non-reinforced rubber tubing market in Democratic Republic of the Congo amounted to $ in , growing by % 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). In general, consumption enjoyed buoyant growth. Non-reinforced rubber tubing consumption peaked at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for non-reinforced rubber tubing in Democratic Republic of the Congo, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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, imports of non-reinforced rubber tubing in Democratic Republic of the Congo were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for non-reinforced rubber tubing. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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
Democratic Republic of the Congo remains a net importer of non-reinforced rubber tubing; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.