Textile Rubber Hose Market in the United Kingdom
Market Overview
The UK textile rubber hose market dropped markedly to $
in , waning 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 faced a abrupt setback. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, textile rubber hose production expanded slightly to $ in estimated in export price. Over the period under review, production, however, saw a abrupt descent. The growth pace was the most rapid in 2014 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
in , waning 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 faced a abrupt setback. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, textile rubber hose production expanded slightly to $
in estimated in export price. Over the period under review, production, however, saw a abrupt descent. The growth pace was the most rapid in 2014 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of rubber hose reinforced with textiles were consumed in the UK; falling by -% compared with the year before. Over the period under review, consumption continues to indicate a deep reduction. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The size of the textile rubber hose market in the UK 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 abrupt shrinkage. Textile rubber hose consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. tons of rubber hose reinforced with textiles were consumed in the UK; falling by -% compared with the year before. Over the period under review, consumption continues to indicate a deep reduction. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The size of the textile rubber hose market in the UK 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 abrupt shrinkage. Textile rubber hose consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for textile rubber hose in the UK, 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
Textile rubber hose market in the UK remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
, the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
The UK remains a net importer of textile 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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