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

Other Textiles May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

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

IndexBox has just published a new report "World: Tyre Cord Fabric Of High Tenacity Yarn - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of tyre cord fabric imported worldwide stood at 642K tonnes, remaining constant against the previous year figure. Overall, tyre cord fabric imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by 11% against the previous year level. Over the period under review, global tyre cord fabric imports reached its maximum volume in 2016, and are expected to retain its growth in the near future.

In value terms, tyre cord fabric imports amounted to $2.5B in 2016. Overall, tyre cord fabric imports continue to indicate a relatively flat trend pattern. In that year, global tyre cord fabric imports reached its maximum level of $3.2B. From 2012 to 2016, growth of global tyre cord fabric imports failed to regain its strength.

Top Tyre Cord Fabric Importing Countries in the World

1. USA (332.1 million USD)

2. India (197.2 million USD)

3. Thailand (195.3 million USD)

4. Germany (154.5 million USD)

5. Japan (144.1 million USD)

6. South Korea (125.3 million USD)

7. China (117.5 million USD)

8. Indonesia (106.0 million USD)

9. Romania (92.0 million USD)

10. Russia (82.0 million USD)

11. Brazil (70.5 million USD)

12. United Kingdom (58.6 million USD)

Tyre Cord Fabric Imports By Country

In 2016, the U.S. (85K tonnes), Thailand (57K tonnes), India (42K tonnes), Japan (42K tonnes), South Korea (34K tonnes), Germany (31K tonnes), Indonesia (30K tonnes), Russia (28K tonnes), China (21K tonnes), Romania (21K tonnes), Brazil (18K tonnes), and the UK (17K tonnes) represented the largest importers of tyre cord fabric in the world, committing 66% of total import.

From 2007 to 2016, the most notable growth rate of tyre cord fabric imports, among the main importing countries, was attained by Indonesia (+10.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($332M), India ($197M) and Thailand ($195M) appeared as the countries with the highest levels of imports in 2016, with a combined 29% share of global imports.

The U.S. (+9.6% per year) had the highest growth rate of tyre cord fabric imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Tyre Cord Fabric Import Prices By Country

In 2016, the average import price for tyre cord fabric amounted to $3,942 per tonne, shrinking by -4.9% against the previous year. Overall, tyre cord fabric import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2011, an increase of 13% year-to-year. In that year, average tyre cord fabric import price attained its maximum level of $5,176 per tonne. From 2012 to 2016, growth of average tyre cord fabric import price stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($5,497 per tonne), while Russia ($2,946 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of tyre cord fabric import prices was attained by China (+3.0% per year), while the other global leaders experienced more modest paces of growth.

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