Non-Reinforced Rubber Tubing Market

The article provides an in-depth analysis of the global market for rubber tubing not reinforced, projecting steady growth in both volume and value over the next eight years. With China as the largest consumer and producer, and the United States and Mexico as key importers and exporters, the market shows complexity in pricing and trends among major players. The data showcases the importance of this industry and the potential for continued growth in the future.

Market Forecast

Driven by increasing demand for rubber tubing not reinforced worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 674K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $7.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Rubber Tubing Not Reinforced

In 2022, consumption of rubber tubing not reinforced decreased by -0.9% to 607K tons for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by 7.6%. Over the period under review, global consumption hit record highs at 612K tons in 2021, and then reduced slightly in the following year.

The global non-reinforced rubber tubing market size totaled $5.9B in 2022, approximately reflecting 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). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Consumption By Country

The country with the largest volume of non-reinforced rubber tubing consumption was China (164K tons), accounting for 27% of total volume. Moreover, non-reinforced rubber tubing consumption in China exceeded the figures recorded by the second-largest consumer, India (61K tons), threefold. The United States (41K tons) ranked third in terms of total consumption with a 6.7% share.

In China, non-reinforced rubber tubing consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.5% per year) and the United States (-0.1% per year).

In value terms, China ($966M), Japan ($854M) and Germany ($603M) appeared to be the countries with the highest levels of market value in 2022, with a combined 41% share of the global market. Turkey, the United States, India, Mexico, Democratic Republic of the Congo, the UK, Thailand, Spain and Russia lagged somewhat behind, together accounting for a further 37%.

Democratic Republic of the Congo, with a CAGR of +8.4%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of non-reinforced rubber tubing per capita consumption in 2022 were the UK (441 kg per 1000 persons), Germany (416 kg per 1000 persons) and Japan (280 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the UK (with a CAGR of +8.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Rubber Tubing Not Reinforced

In 2022, global production of rubber tubing not reinforced totaled 602K tons, surging by 1.7% compared with 2021 figures. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 9.1% against the previous year. Global production peaked in 2022 and is likely to continue growth in years to come.

In value terms, non-reinforced rubber tubing production reached $5.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15%. As a result, production reached the peak level of $6.7B. From 2019 to 2022, global production growth failed to regain momentum.

Production By Country

China (190K tons) remains the largest non-reinforced rubber tubing producing country worldwide, comprising approx. 32% of total volume. Moreover, non-reinforced rubber tubing production in China exceeded the figures recorded by the second-largest producer, India (62K tons), threefold. The third position in this ranking was taken by the United States (42K tons), with a 6.9% share.

In China, non-reinforced rubber tubing production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+3.1% per year) and the United States (-0.2% per year).

Imports

World Imports of Rubber Tubing Not Reinforced

In 2022, approx. 132K tons of rubber tubing not reinforced were imported worldwide; reducing by -4.9% against 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 139K tons, and then dropped slightly in the following year.

In value terms, non-reinforced rubber tubing imports declined slightly to $1.4B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Global imports peaked at $1.4B in 2018; afterwards, it flattened through to 2022.

Imports By Country

The United States (13K tons), Mexico (11K tons), Germany (7.8K tons), France (6.2K tons), Poland (4.8K tons), Spain (4K tons), Japan (3.9K tons), China (3.6K tons), Italy (3K tons), Bulgaria (2.9K tons), the Czech Republic (2.5K tons) and the United Arab Emirates (2.5K tons) represented roughly 50% of total imports in 2022. Canada (2.4K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +8.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing importing markets worldwide were the United States ($145M), Mexico ($130M) and China ($90M), with a combined 26% share of global imports. Germany, France, Japan, Poland, Canada, Italy, the Czech Republic, Spain, Bulgaria and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Bulgaria, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average non-reinforced rubber tubing import price amounted to $10,466 per ton, with an increase of 5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 6.8%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($24,893 per ton), while Spain ($6,346 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Rubber Tubing Not Reinforced

In 2022, approx. 127K tons of rubber tubing not reinforced were exported worldwide; with an increase of 7.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 11%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-reinforced rubber tubing exports stood at $1.1B in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (29K tons), distantly followed by the United States (14K tons), Poland (12K tons), Germany (9.8K tons), Russia (8.3K tons) and Thailand (6K tons) were the key exporters of rubber tubing not reinforced, together making up 62% of total exports. The following exporters - Malaysia (5.7K tons), Mexico (5.3K tons), Italy (4.3K tons), Japan (4.1K tons), Turkey (3.9K tons), the United Arab Emirates (3.6K tons) and South Korea (1.9K tons) - together made up 23% of total exports.

Exports from China increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Mexico (+16.6%), Russia (+16.5%), the United Arab Emirates (+16.1%), Turkey (+11.4%), Poland (+11.3%), South Korea (+7.0%) and Malaysia (+1.1%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.6% from 2012-2022. The United States and Germany experienced a relatively flat trend pattern. By contrast, Thailand (-3.2%), Japan (-5.6%) and Italy (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Poland, Russia, Mexico, the United Arab Emirates and Turkey increased by +5.9, +4.9, +4.6, +3, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-reinforced rubber tubing supplying countries worldwide were China ($199M), Germany ($146M) and the United States ($129M), with a combined 42% share of global exports. Japan, Poland, Thailand, Italy, Mexico, Turkey, Malaysia, South Korea, the United Arab Emirates and Russia lagged somewhat behind, together comprising a further 35%.

The United Arab Emirates, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average non-reinforced rubber tubing export price amounted to $8,859 per ton, declining by -5.5% against the previous year. In general, the export price saw a slight descent. The pace of growth was the most pronounced in 2021 an increase of 2.8%. Over the period under review, the average export prices hit record highs at $10,493 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($22,568 per ton), while Russia ($632 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform