Market movement
In 2024, rubber: vulcanised (other than hard rubber), tubing, piping and hoses, reinforced or otherwise combined with materials other than metal or textiles, without fittings trade exhibited slight decline, with global flows reaching $947,781,256 and a three-year compound annual growth rate of +3.6% (five-year: +4.6%). The all-time peak of $967,689,883 was recorded in 2023; the current level is 2% below that high-water mark.
Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+1.1% acceleration).
