U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2030
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View PricingHose and Belt Price in the United States - 2023
Contents:
- Hose and Belt Price in the United States (CIF) - 2023
- Hose and Belt Price in the United States (FOB) - 2023
- Hose and Belt Imports in the United States
- Hose and Belt Exports in the United States
Hose and Belt Price in the United States (CIF) - 2023
The average hose and belt import price stood at $8,188 per ton in August 2023, surging by 6.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($21,419 per ton), while the price for Vietnam ($3,897 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Hose and Belt Price in the United States (FOB) - 2023
In August 2023, the average hose and belt export price amounted to $11,712 per ton, with a decrease of -6.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 5.8% against the previous month. Over the period under review, the average export prices reached the maximum at $12,516 per ton in July 2023, and then reduced in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was China ($34,700 per ton), while the average price for exports to Canada ($6,171 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Hose and Belt Imports in the United States
In 2022, imports of rubber and plastic hoses and belting into the United States surged to 664K tons, with an increase of 18% against the previous year's figure. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hose and belt imports soared to $5B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Hose and Belt in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 942 | 829 | 986 | 1,202 | 8.5% |
| China | 655 | 562 | 718 | 783 | 6.1% |
| Canada | 378 | 317 | 371 | 493 | 9.3% |
| Japan | 275 | 214 | 266 | 310 | 4.1% |
| Germany | 222 | 185 | 225 | 236 | 2.1% |
| India | 122 | 113 | 176 | 230 | 23.5% |
| Taiwan (Chinese) | 117 | 170 | 204 | 199 | 19.4% |
| Italy | 103 | 93.9 | 138 | 177 | 19.8% |
| Turkey | 97.7 | 67.9 | 117 | 150 | 15.4% |
| South Korea | 70.2 | 62.7 | 85.3 | 132 | 23.4% |
| Thailand | 99.0 | 88.8 | 108 | 124 | 7.8% |
| Vietnam | 24.9 | 28.2 | 42.5 | 57.4 | 32.1% |
| Others | 514 | 472 | 596 | 860 | 18.7% |
| Total | 3,619 | 3,205 | 4,033 | 4,953 | 11.0% |
Top Suppliers of Hose and Belt to the United States in 2022:
- China (171.3K tons)
- Mexico (161.1K tons)
- Canada (68.7K tons)
- India (40.6K tons)
- Taiwan (Chinese) (37.9K tons)
- Turkey (28.4K tons)
- South Korea (18.9K tons)
- Italy (16.7K tons)
- Thailand (16.3K tons)
- Vietnam (16.2K tons)
- Japan (14.0K tons)
- Germany (11.9K tons)
Hose and Belt Exports in the United States
In 2022, exports of rubber and plastic hoses and belting from the United States rose modestly to 285K tons, with an increase of 4.3% compared with 2021. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hose and belt exports rose significantly to $3.3B in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hose and Belt in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 876 | 793 | 904 | 1,010 | 4.9% |
| Canada | 683 | 615 | 702 | 807 | 5.7% |
| China | 135 | 124 | 164 | 160 | 5.8% |
| Brazil | 58.5 | 58.8 | 75.8 | 97.0 | 18.4% |
| Australia | 72.8 | 69.7 | 78.0 | 93.1 | 8.5% |
| Others | 994 | 854 | 1,046 | 1,127 | 4.3% |
| Total | 2,819 | 2,514 | 2,970 | 3,295 | 5.3% |
Top Export Markets for Hose and Belt from the United States in 2022:
- Canada (127.1K tons)
- Mexico (90.8K tons)
- China (6.6K tons)
- Brazil (5.7K tons)
- Australia (5.3K tons)
This report provides an in-depth analysis of the hose and belt 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.
Product coverage:
- NAICS 326220 - Rubber and plastics hoses and belting manufacturing
Companies mentioned:
- The Gates Corporation
- Fiskars Brands
- TTI Floor Care North America
- DTR Industries
- J.G.B. Enterprises
- Beltservice Corporation
- Newage Industries
- Hitachi Cable America
- The Flexaust Company
- Titeflex Corporation
- Kongsberg Actuation Systems II
- Fna Group
- Ammeraal Beltech
- Bando Usa
- Flexible Technologies
- Tramec
- Teknor Apex Tennessee Company
- Tedd Smith
- All-American Holdings
- Contitech Thermopol
- Dayco Products
- Continental Plastics Co.
- U.S. Wire & Cable Corporation
- Tigerflex Corporation
- Plastic Specialties and Technologies
- Forbo Siegling
- Fenner U.S. Holdings
- Eaton-Aeroquip
- Aeroquip-Vickers
- HBD Industries
- All-American Hose
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Hose And Belt peaked at 665K tons in 2022, before decreasing in the following year. In terms of value, imports of hose and belt modestly contracted to $4.9B in 2023.
127
In January 2023, the rate of growth was at its highest as imports surged by 13% compared to the previous month. In terms of value, imports of Hose And Belt experienced a substantial expansion reaching $429M in October 2023.
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The value of imports for Hose And Belt dropped to $409M in June 2023.
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In February 2023, the price of hoses and belts was $7883/ton (CIF, US), an increase of 2% from the previous month.
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In November 2022, the hose and belt price stood at $7,958 per ton (CIF, US), approximately mirroring the previous month.
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