Textile Rubber Hose Market in South Korea
Market Overview
In 
, after two years of growth, there was decline in the South Korean textile rubber hose market, when its value decreased by -% to $. Overall, consumption showed a relatively flat trend pattern. Textile rubber hose consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, textile rubber hose production reduced modestly to $ in estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. Textile rubber hose production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
, after two years of growth, there was decline in the South Korean textile rubber hose market, when its value decreased by -% to $. Overall, consumption showed a relatively flat trend pattern. Textile rubber hose consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, textile rubber hose production reduced modestly to $
in estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. Textile rubber hose production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , consumption of rubber hose reinforced with textiles decreased by -% to tons, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a perceptible setback. Over the period under review, consumption attained the maximum volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the textile rubber hose market in South Korea contracted to $ in , falling 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). Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, consumption of rubber hose reinforced with textiles decreased by -% to tons, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a perceptible setback. Over the period under review, consumption attained the maximum volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the textile rubber hose market in South Korea contracted to $
in , falling 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). Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for textile rubber hose in South Korea, 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 .Trade Balance
South Korea remains a net exporter of textile 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.
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