Metal-Reinforced Rubber Hose Market in Belgium
Market Overview
After two years of growth, the Belgian metal-reinforced rubber hose market decreased by -
% to $ in . Over the period under review, consumption, however, continues to indicate a strong increase. Metal-reinforced rubber hose consumption peaked at $ in , and then dropped dramatically in the following year.
In value terms, metal-reinforced rubber hose production declined rapidly to $ in estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by %. Metal-reinforced rubber hose production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
% to $ in . Over the period under review, consumption, however, continues to indicate a strong increase. Metal-reinforced rubber hose consumption peaked at $ in , and then dropped dramatically in the following year.In value terms, metal-reinforced rubber hose production declined rapidly to $
in estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by %. Metal-reinforced rubber hose production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , after two years of growth, there was significant decline in consumption of rubber hose reinforced with metal, when its volume decreased by -% to tons. In general, consumption, however, saw a prominent increase. Metal-reinforced rubber hose consumption peaked at tons in , and then declined in the following year.
The size of the metal-reinforced rubber hose market in Belgium declined sharply to $ in , dropping 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). Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the peak level at $ in , and then shrank remarkably in the following year.
, after two years of growth, there was significant decline in consumption of rubber hose reinforced with metal, when its volume decreased by -% to tons. In general, consumption, however, saw a prominent increase. Metal-reinforced rubber hose consumption peaked at tons in , and then declined in the following year.The size of the metal-reinforced rubber hose market in Belgium declined sharply to $
in , dropping 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). Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the peak level at $ in , and then shrank remarkably in the following year.Market Forecast
Driven by increasing demand for rubber hose reinforced with metal in Belgium, the market is expected to continue an upward consumption trend over the next eight years. 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 .
% 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
Metal-reinforced rubber hose market in Belgium consists almost entirely of imported products.
Trade Balance
Belgium remains a net importer of metal-reinforced rubber hose; 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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