Metal-Reinforced Rubber Hose Market in China
Market Overview
In 
, the Chinese metal-reinforced rubber hose market decreased by -% to $, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a noticeable descent. Metal-reinforced rubber hose consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
In value terms, metal-reinforced rubber hose production shrank slightly to $ in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Metal-reinforced rubber hose production peaked at $ in 2019; however, from to , production remained at a lower figure.
, the Chinese metal-reinforced rubber hose market decreased by -% to $, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a noticeable descent. Metal-reinforced rubber hose consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.In value terms, metal-reinforced rubber hose production shrank slightly to $
in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Metal-reinforced rubber hose production peaked at $ in 2019; however, from to , production remained at a lower figure.Consumption
In , consumption of rubber hose reinforced with metal decreased by -% to tons, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a pronounced decline. Over the period under review, consumption hit record highs at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The value of the metal-reinforced rubber hose market in China contracted to $ in , with a decrease of -% 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 continues to indicate a noticeable downturn. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
, consumption of rubber hose reinforced with metal decreased by -% to tons, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a pronounced decline. Over the period under review, consumption hit record highs at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The value of the metal-reinforced rubber hose market in China contracted to $
in , with a decrease of -% 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 continues to indicate a noticeable downturn. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for metal-reinforced rubber hose 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 .
% 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 metal-reinforced rubber hose 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 metal-reinforced rubber hose market is largely supplied by domestic manufacturers. 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.
% figure. In value terms the share of imports also stood at a low figure, which means that the China metal-reinforced rubber hose market is largely supplied by domestic manufacturers. 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.Trade Balance
China remains a net exporter of metal-reinforced rubber hose; 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.
. 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.
Download XLSX
Download all the data in the form of a report