China - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's December 2023 Export of Tyre Cord Fabric Drops to $60M
China Tyre Cord Fabric Exports
Tyre cord fabric exports from China reduced to 20K tons in December 2023, waning by -12% compared with the previous month. The total export volume increased at an average monthly rate of +1.7% over the period from December 2022 to December 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in January 2023 with an increase of 20% against the previous month.
In value terms, tyre cord fabric exports dropped to $60M (IndexBox estimates) in December 2023. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when exports increased by 19% m-o-m. As a result, the exports attained the peak of $74M. From April 2023 to December 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Tyre Cord Fabric in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Thailand | 10.9 | 14.7 | 12.1 | 13.2 | 15.6 | 15.7 | 12.1 | 14.5 | 15.0 | 14.4 | 15.6 | 14.5 | 11.5 |
| India | 7.2 | 7.9 | 7.6 | 15.2 | 10.4 | 11.1 | 9.5 | 9.2 | 8.4 | 10.2 | 10.1 | 10.8 | 7.1 |
| Indonesia | 6.0 | 5.9 | 4.6 | 5.7 | 4.5 | 4.9 | 5.1 | 5.1 | 4.9 | 5.9 | 4.8 | 6.3 | 6.6 |
| South Korea | 2.9 | 6.0 | 5.7 | 5.7 | 3.6 | 6.2 | 4.5 | 5.8 | 4.7 | 4.2 | 4.3 | 3.4 | 3.8 |
| Japan | 4.8 | 4.3 | 6.0 | 4.9 | 5.2 | 4.7 | 5.5 | 4.3 | 5.1 | 3.4 | 5.4 | 4.1 | 3.4 |
| Turkey | 2.0 | 3.1 | 2.6 | 2.6 | 1.7 | 2.2 | 1.9 | 2.2 | 3.7 | 1.7 | 2.3 | 2.0 | 1.7 |
| Philippines | 2.1 | 1.4 | 1.3 | 1.5 | 1.9 | 1.7 | 1.5 | 1.6 | 1.4 | 1.5 | 1.2 | 1.7 | 1.3 |
| Others | 21.2 | 23.7 | 22.0 | 25.3 | 21.5 | 26.9 | 23.4 | 27.8 | 24.9 | 21.4 | 21.9 | 22.4 | 24.7 |
| Total | 57.2 | 67.0 | 62.0 | 74.1 | 64.4 | 73.3 | 63.5 | 70.4 | 68.0 | 62.7 | 65.5 | 65.3 | 60.2 |
Exports by Country
Thailand (4.1K tons), India (2.5K tons) and Indonesia (2K tons) were the main destinations of tyre cord fabric exports from China, together accounting for 43% of total exports. These countries were followed by Japan, South Korea, Turkey and the Philippines, which together accounted for a further 18%.
From December 2022 to December 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +3.3%), while the other leaders experienced more modest paces of growth.
In value terms, Thailand ($12M), India ($7.1M) and Indonesia ($6.6M) appeared to be the largest markets for tyre cord fabric exported from China worldwide, together accounting for 42% of total exports. These countries were followed by South Korea, Japan, Turkey and the Philippines, which together accounted for a further 17%.
South Korea, with a CAGR of +2.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In December 2023, the tyre cord fabric price stood at $3,009 per ton (FOB, China), picking up by 4.8% against the previous month. Over the period under review, the export price, however, continues to indicate a mild decrease. Over the period under review, the average export prices attained the peak figure at $3,494 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($4,109 per ton), while the average price for exports to Pakistan ($2,649 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.2%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the tyre cord fabric market in China. 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:
- Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
