United Kingdom - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Tire Cord Fabric in the UK Reaches $8,944 per Ton
United Kingdom Tyre Cord Fabric Import Price in November 2022
In November 2022, the tyre cord fabric price amounted to $8,944 per ton (CIF, United Kingdom), leveling off at the previous month. Over the period from November 2021 to November 2022, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in December 2021 an increase of 46% m-o-m. As a result, import price reached the peak level of $9,595 per ton. From January 2022 to November 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Luxembourg ($16,956 per ton), while the price for China ($5,215 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD Per Kg | |||||||||||||
| Turkey | 3.7 | 9.9 | 3.4 | 4.6 | 5.5 | 4.3 | 5.9 | 4.8 | 5.2 | 5.6 | 5.7 | 5.0 | 6.5 |
| Italy | 8.7 | 7.3 | 10.1 | 10.0 | 9.4 | 10.7 | 10.6 | 10.0 | 10.2 | 11.5 | 10.2 | 10.8 | 11.6 |
| Average | 6.6 | 9.6 | 7.3 | 8.9 | 9.2 | 7.3 | 8.1 | 8.0 | 8.0 | 8.2 | 7.5 | 8.9 | 8.9 |
| Luxembourg | N/A | 37.7 | 8.8 | 9.8 | 23.5 | 10.3 | 11.5 | N/A | 13.3 | 16.7 | N/A | 19.9 | 17.0 |
| Germany | 8.4 | 8.1 | 8.6 | 8.4 | 7.8 | N/A | 8.1 | 8.0 | 7.9 | N/A | 7.3 | 10.4 | 9.5 |
| China | 3.0 | 14.6 | 11.7 | 15.9 | 16.7 | 5.7 | 5.4 | 5.8 | 4.5 | 5.0 | 5.7 | 5.5 | 5.2 |
| Poland | N/A | N/A | N/A | 8.1 | 8.0 | N/A | N/A | 33.3 | 8.6 | 8.1 | 7.6 | 7.4 | N/A |
United Kingdom Tyre Cord Fabric Imports
In November 2022, overseas purchases of tyre cord fabric of high tenacity yarn increased by 7.9% to 315 tons, rising for the second consecutive month after two months of decline. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in January 2022 when imports increased by 199% m-o-m. Over the period under review, imports hit record highs at 662 tons in April 2022; however, from May 2022 to November 2022, imports failed to regain momentum.
In value terms, tyre cord fabric imports rose rapidly to $2.8M (IndexBox estimates) in November 2022. Overall, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in January 2022 when imports increased by 127% against the previous month. Imports peaked at 5.6K tons in March 2022; however, from April 2022 to November 2022, imports stood at a somewhat lower figure.
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United Kingdom Tyre Cord Fabric Imports by Country
Italy (103 tons), China (97 tons) and Germany (56 tons) were the main suppliers of tyre cord fabric imports to the UK, with a combined 81% share of total imports. These countries were followed by Turkey and Luxembourg, which together accounted for a further 18%.
From November 2021 to November 2022, the biggest increases were in Luxembourg (with a CAGR of +13.2%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Italy ($1.2M) constituted the largest supplier of tyre cord fabric to the UK, comprising 42% of total imports. The second position in the ranking was held by Germany ($533K), with a 19% share of total imports. It was followed by China, with an 18% share.
From November 2021 to November 2022, the average monthly growth rate of value from Italy amounted to -5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+3.4% per month) and China (+2.9% per month).
This report provides an in-depth analysis of the tyre cord fabric market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
