United States's Rubber Hose Reinforced with Metal Market to Reach 77K Tons and $587M by 2035, Driven by Increasing Demand - News and Statistics - IndexBox

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IndexBox has just published a new report: U.S. - Rubber Hose Reinforced With Metal - Market Analysis, Forecast, Size, Trends And Insights.

The demand for metal-reinforced rubber hose in the United States is projected to grow steadily over the next decade. By 2035, the market volume is expected to reach 77K tons, with a market value of $587M. This growth is fueled by a CAGR of +0.2% in volume and +1.7% in value, maintaining the current trend pattern of expansion.

Driven by increasing demand for rubber hose reinforced with metal in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.2% for the period from 2024 to 2035, which is projected to bring the market volume to 77K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $587M (in nominal wholesale prices) by the end of 2035.

Metal-reinforced rubber hose consumption in the United States totaled 76K tons in 2024, approximately equating the previous year. Overall, consumption saw a relatively flat trend pattern. Metal-reinforced rubber hose consumption peaked at 92K tons in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

The size of the metal-reinforced rubber hose market in the United States shrank slightly to $487M in 2024, which is down by -2.1% 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 recorded a modest increase. Metal-reinforced rubber hose consumption peaked at $559M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

In 2024, the amount of rubber hose reinforced with metal produced in the United States reached 56K tons, flattening at 2023. In general, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Metal-reinforced rubber hose production peaked at 71K tons in 2019; however, from 2020 to 2024, production failed to regain momentum.

In value terms, metal-reinforced rubber hose production expanded to $436M in 2024. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $509M in 2019; however, from 2020 to 2024, production remained at a lower figure.

In 2024, overseas purchases of rubber hose reinforced with metal decreased by -1.1% to 44K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated perceptible growth from 2013 to 2024: its volume increased at an average annual rate of +3.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -23.5% against 2022 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked at 57K tons in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports contracted slightly to $285M in 2024. In general, total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +3.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -18.4% against 2022 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure at $349M in 2022; however, from 2023 to 2024, imports failed to regain momentum.

Mexico (9.4K tons), Italy (5.5K tons) and Turkey (5.1K tons) were the main suppliers of metal-reinforced rubber hose imports to the United States, together comprising 45% of total imports. China, India, Malaysia, Thailand and Indonesia lagged somewhat behind, together comprising a further 36%.

From 2013 to 2024, the biggest increases were recorded for Indonesia (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($56M), Turkey ($44M) and Italy ($40M) constituted the largest metal-reinforced rubber hose suppliers to the United States, together comprising 49% of total imports. China, Malaysia, India, Thailand and Indonesia lagged somewhat behind, together accounting for a further 26%.

Indonesia, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

The average metal-reinforced rubber hose import price stood at $6,476 per ton in 2024, declining by -2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2023 an increase of 9.7%. As a result, import price reached the peak level of $6,667 per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Turkey ($8,509 per ton), while the price for Indonesia ($2,948 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of rubber hose reinforced with metal decreased by -3.4% to 25K tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum at 28K tons in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports reached $214M in 2024. In general, total exports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +3.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -2.3% against 2022 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. The exports peaked at $219M in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

Canada (15K tons) was the main destination for metal-reinforced rubber hose exports from the United States, with a 61% share of total exports. Moreover, metal-reinforced rubber hose exports to Canada exceeded the volume sent to the second major destination, Mexico (2.9K tons), fivefold. Brazil (1.1K tons) ranked third in terms of total exports with a 4.2% share.

From 2013 to 2024, the average annual growth rate of volume to Canada amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.0% per year) and Brazil (+2.4% per year).

In value terms, Canada ($80M) remains the key foreign market for rubber hose reinforced with metal exports from the United States, comprising 38% of total exports. The second position in the ranking was held by Mexico ($28M), with a 13% share of total exports. It was followed by Australia, with a 10% share.

From 2013 to 2024, the average annual growth rate of value to Canada amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.5% per year) and Australia (+9.5% per year).

In 2024, the average metal-reinforced rubber hose export price amounted to $8,600 per ton, rising by 5.8% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 11%. The export price peaked in 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Belgium ($40,265 per ton), while the average price for exports to Canada ($5,315 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal-reinforced rubber hose market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles