Updated Oct 18, 2022 02:24

Non-Reinforced Rubber Tubing Market in the United States

Market Overview
In , the U.S. non-reinforced rubber tubing market increased by % to $, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.

In value terms, non-reinforced rubber tubing production reduced slightly to $ in . Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by %. Non-reinforced rubber tubing production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.


Consumption
In , the amount of rubber tubing not reinforced consumed in the United States shrank slightly to tons, remaining relatively unchanged against . In general, consumption saw a mild shrinkage. Non-reinforced rubber tubing consumption peaked at tons in 2012; however, from 2013 to , consumption failed to regain momentum.

The size of the non-reinforced rubber tubing market in the United States stood at $ in , stabilizing at 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for non-reinforced rubber tubing in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. 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
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
The United States 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 trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.