U.S. Rubber and Plastic Hoses and Belting Market | Mitsuboshi Belting Ltd., U.S. Rubber Corp., VIS USA, Uniband USA

IndexBox has just published a new report, the U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the rubber market in the U.S. amounted to $X in 2018, therefore, remained relatively stable 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). In general, rubber consumption, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. In that year, the rubber market reached its peak level of $X. From 2015 to 2018, the growth of the rubber market remained at a somewhat lower figure.

Rubber Production in the USA

In value terms, rubber production amounted to $X in 2018. Overall, rubber production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. Rubber production peaked in 2018, and is likely to see steady growth in the immediate term.

Exports from the USA

Rubber exports from the U.S. amounted to X tons in 2018, picking up by X% against the previous year. Overall, rubber exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2014, when the exports increased by X% y-o-y. In that year, rubber exports attained their peak of X tons. From 2015 to 2018, the growth of rubber exports remained at a lower figure.

In value terms, rubber exports amounted to $X (IndexBox estimates) in 2018. In general, rubber exports continue to indicate a relatively flat trend pattern. Over the period under review, rubber exports reached their maximum at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Saudi Arabia (X tons) and Australia (X tons) were the main destinations of rubber exports from the U.S., with a combined X% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Brazil ($X) appeared to be the largest markets for rubber exported from the U.S. worldwide, with a combined X% share of total exports. Japan, Saudi Arabia, Belgium, Singapore, Germany, Colombia, Peru, Chile and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Export Prices by Country

The average rubber export price stood at $X per kg in 2018, rising by X% against the previous year. Overall, the rubber export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of origin; the country with the highest export price was Japan ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Japan, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the USA

In 2018, approx. X tons of rubber and plastic hoses and belting were imported into the U.S.; picking up by X% against the previous year. In value terms, rubber imports totaled $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. In that year, rubber imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X tons) constituted the largest rubber supplier to the U.S., accounting for a X% share of total imports. Moreover, rubber imports from China exceeded the figures recorded by the second largest supplier, Taiwan, Chinese (X tons), eightfold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan, Chinese (-X% per year) and Turkey (+X% per year).

In value terms, China ($X) constituted the largest supplier of rubber to the U.S., comprising X% of total rubber imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

Import Prices by Country

In 2018, the average rubber import price amounted to $X per kg, going up by X% against the previous year. In general, the rubber import price continues to indicate a pronounced descent.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Thailand, while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform