Report Update: Apr 21, 2024

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

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Tyre Cord Fabric Price in Malaysia - 2021

Tyre Cord Fabric Price in Malaysia (CIF) - 2021

The average tyre cord fabric import price stood at $4,969 per ton in December 2021, picking up by 9.5% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in August 2021 an increase of 20% against the previous month. The import price peaked at $5,243 per ton in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Thailand ($7,216 per ton), while the price for China ($4,344 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Tyre Cord Fabric Price in Malaysia (FOB) - 2022

The average tyre cord fabric export price stood at $6,233 per ton in 2022, increasing by 89% against the previous year. Overall, the export price continues to indicate a mild expansion. The export price peaked at $7,789 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($8,484 per ton), while the average price for exports to Australia totaled $2,921 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.3%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports in Malaysia

In 2022, purchases abroad of tyre cord fabric of high tenacity yarn was finally on the rise to reach 7.8K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports reduced to $25M in 2022. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 20%.

Import of Tyre Cord Fabric in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	19.5	14.2	17.4	15.3	-7.8%
Vietnam	3.1	4.8	6.4	5.7	22.5%
Thailand	1.8	1.3	1.0	1.2	-12.6%
Taiwan (Chinese)	1.8	1.3	0.8	1.1	-15.1%
Others	2.1	0.7	1.2	1.3	-14.8%
Total	28.3	22.3	26.7	24.5	-4.7%

Top Suppliers of Tyre Cord Fabric to Malaysia in 2022:

China (5.7K tons)
Vietnam (1.2K tons)
Taiwan (Chinese) (0.3K tons)
Thailand (0.2K tons)

Tyre Cord Fabric Exports in Malaysia

In 2022, the amount of tyre cord fabric of high tenacity yarn exported from Malaysia fell notably to 38 tons, which is down by -63.7% on 2021. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 344%. As a result, the exports reached the peak of 104 tons, and then contracted rapidly in the following year.

In value terms, tyre cord fabric exports fell rapidly to $236K in 2022. Over the period under review, exports recorded a slight slump. The growth pace was the most rapid in 2021 when exports increased by 168% against the previous year. As a result, the exports attained the peak of $343K, and then dropped sharply in the following year.

Export of Tyre Cord Fabric in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	32.5	45.9	1.8	191	80.5%
Australia	4.2	2.7	6.6	44.7	120.0%
South Korea	N/A	16.6	N/A	N/A	0%
China	N/A	N/A	205	N/A	0%
Vietnam	N/A	13.5	N/A	N/A	0%
Brunei Darussalam	160	N/A	6.7	N/A	-79.5%
Indonesia	44.5	N/A	72.7	N/A	27.8%
Others	5.2	49.4	50.8	N/A	212.6%
Total	246	128	343	236	-1.4%

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

Singapore (22.5 tons)
Australia (15.3 tons)

Source: IndexBox Market Intelligence Platform

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

Malaysia

Data coverage:

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