Report Update: Apr 21, 2024

Finland - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Tyre Cord Fabric Price in Finland - 2023

Tyre Cord Fabric Price in Finland (CIF) - 2023

The average tyre cord fabric import price stood at $4,845 per ton in July 2023, rising by 5.5% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in February 2023 when the average import price increased by 78% month-to-month. As a result, import price reached the peak level of $8,072 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,127 per ton), while the price for Vietnam ($3,233 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Tyre Cord Fabric Price in Finland (FOB) - 2022

The average tyre cord fabric export price stood at $5,332 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The export price peaked at $7,394 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($34,325 per ton), while the average price for exports to Russia amounted to $4,602 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.5%).

Tyre Cord Fabric Imports in Finland

In 2022, approx. 6.5K tons of tyre cord fabric of high tenacity yarn were imported into Finland; increasing by 105% on 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports surged to $35M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tyre Cord Fabric in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.3	1.9	3.0	12.4	112.1%
Czech Republic	4.2	3.2	5.4	7.7	22.4%
Turkey	3.9	2.2	3.6	6.2	16.7%
Vietnam	0.3	0.4	1.2	5.2	158.8%
South Korea	2.8	1.2	0.4	2.3	-6.3%
Luxembourg	0.6	0.4	0.6	0.3	-20.6%
Others	1.0	0.9	1.2	0.6	-15.7%
Total	14.0	10.2	15.3	34.8	35.5%

Top Suppliers of Tyre Cord Fabric to Finland in 2022:

China (2489.0 tons)
Czech Republic (1532.9 tons)
Vietnam (1090.6 tons)
Turkey (782.1 tons)
South Korea (442.7 tons)
Luxembourg (41.0 tons)

Tyre Cord Fabric Exports in Finland

In 2022, approx. 261 tons of tyre cord fabric of high tenacity yarn were exported from Finland; declining by -19.9% compared with 2021 figures. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 225%. As a result, the exports reached the peak of 325 tons, and then reduced notably in the following year.

In value terms, tyre cord fabric exports totaled $1.4M in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 165% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Tyre Cord Fabric in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	998	499	1,314	1,170	5.4%
United States	7.6	0.1	1.3	204	199.4%
Others	95.2	5.0	20.0	16.0	-44.8%
Total	1,101	504	1,336	1,389	8.1%

Top Export Markets for Tyre Cord Fabric from Finland in 2022:

Russia (254.1 tons)
United States (5.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tyre cord fabric market in Finland. 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:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023