Which Country Exports the Most Tyre Cord Fabric in the World?

Other Textiles May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global tyre cord fabric exports totaled 695K tonnes in 2016, surging by 7% against the previous year figure. The total export volume increased at an average annual rate of +2.9% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when export increased by 20% against the previous year level. Global tyre cord fabric export peaked in 2016, and are expected to retain its growth in the near future.

In value terms, tyre cord fabric exports stood at $2.4B in 2016. In general, tyre cord fabric exports continue to indicate a relatively flat trend pattern. Global tyre cord fabric export peaked of $3.2B in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

Top Tyre Cord Fabric Exporting Countries in the World

1. China (599.5 million USD)

2. Viet Nam (388.8 million USD)

3. South Korea (254.4 million USD)

4. Luxembourg (193.4 million USD)

5. Turkey (133.4 million USD)

6. USA (99.1 million USD)

7. Poland (82.9 million USD)

8. Indonesia (78.1 million USD)

9. Czech Republic (57.5 million USD)

10. Thailand (55.2 million USD)

11. Germany (45.6 million USD)

12. Belarus (34.0 million USD)

Tyre Cord Fabric Exports By Country

In 2016, China (203K tonnes), distantly followed by Viet Nam (112K tonnes), South Korea (72K tonnes), Luxembourg (50K tonnes), and Turkey (32K tonnes) were the key exporters of tyre cord fabric, together comprising 68% of total exports. The following exporters - the U.S. (25K tonnes), Indonesia (23K tonnes), Poland (21K tonnes), Czech Republic (17K tonnes), Thailand (16K tonnes), Belarus (14K tonnes), and Germany (12K tonnes) together made up 18% of total exports.

From 2007 to 2016, the most notable growth rate of tyre cord fabric exports, among the main exporting countries, was attained by Viet Nam (+163.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($600M), Viet Nam ($389M) and South Korea ($254M) constituted the countries with the highest levels of exports in 2016, together comprising 51% of global exports.

Viet Nam (+150.6% per year) experienced the highest rates of growth with regard to the tyre cord fabric exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Tyre Cord Fabric Export Prices By Country

In 2016, the average export price for tyre cord fabric amounted to $3,512 per tonne, declining by -8.7% against the previous year. In general, tyre cord fabric export price continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2011, an increase of 10% year-to-year. In that year, average tyre cord fabric export price reached its maximum level of $4,938 per tonne. From 2012 to 2016, growth of average tyre cord fabric export price stood at a somewhat lower level.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Turkey ($4,187 per tonne), while Belarus ($2,502 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of tyre cord fabric export prices was attained by the U.S. (-0.6% per year), while the other global leaders experienced a decline in the export price figures.

Do you want to know more about global tyre cord fabric market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • tyre cord fabric market share
  • tyre cord fabric prices
  • tyre cord fabric industry
  • tyre cord fabric sales
  • tyre cord fabric import
  • tyre cord fabric export
  • tyre cord fabric market forecast
  • tyre cord fabric price forecast
  • key tyre cord fabric producers

All data provided in this article covers the following product: HS Code 5902 - Textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamides polyesters or viscose rayon.

Source: World: Tyre Cord Fabric Of High Tenacity Yarn - Market Report. Analysis and Forecast to 2025