Report Update: May 1, 2024

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

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Tyre Cord Fabric Price in Pakistan - 2023

Tyre Cord Fabric Price in Pakistan (CIF) - 2023

The average tyre cord fabric import price stood at $1,782 per ton in February 2023, falling by -41.6% against the previous month. Overall, the import price saw a abrupt descent. The growth pace was the most rapid in April 2022 an increase of 17% month-to-month. The import price peaked at $5,359 per ton in June 2022; however, from July 2022 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,872 per ton), while the price for Thailand ($1,093 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Tyre Cord Fabric Price in Pakistan (FOB) - 2022

The average tyre cord fabric export price stood at $2,471 per ton in 2022, shrinking by -28.4% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 128% against the previous year. As a result, the export price reached the peak level of $6,138 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($3,036 per ton) and New Zealand ($2,652 per ton), while the average price for exports to Spain ($2,146 per ton) and Canada ($2,163 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-1.4%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports in Pakistan

In 2022, after three years of growth, there was significant decline in overseas purchases of tyre cord fabric of high tenacity yarn, when their volume decreased by -30% to 7.5K tons. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports reached the peak of 11K tons, and then dropped significantly in the following year.

In value terms, tyre cord fabric imports reduced notably to $23M in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 177% against the previous year. As a result, imports reached the peak of $43M, and then contracted notably in the following year.

Import of Tyre Cord Fabric in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.2	14.3	41.2	22.4	11.4%
Vietnam	0.1	0.3	0.3	0.2	26.0%
Thailand	0.4	0.2	0.1	0.1	-37.0%
Others	1.0	0.6	1.3	0.7	-11.2%
Total	17.7	15.5	43.0	23.4	9.8%

Top Suppliers of Tyre Cord Fabric to Pakistan in 2022:

China (6.9K tons)
Vietnam (0.2K tons)
Thailand (0.1K tons)

Tyre Cord Fabric Exports in Pakistan

In 2022, tyre cord fabric exports from Pakistan reduced to 42 tons, declining by -10.3% against the previous year's figure. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year.

In value terms, tyre cord fabric exports reduced notably to $105K in 2022. Overall, exports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 107%.

Export of Tyre Cord Fabric in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	419	3.4	21.9	70.2	-44.9%
Spain	82.3	16.3	9.2	17.1	-40.8%
Norway	13.5	9.6	10.9	5.7	-25.0%
Canada	0.8	1.9	10.3	5.4	89.0%
Germany	4.1	1.3	6.3	3.3	-7.0%
New Zealand	6.8	3.9	1.1	1.9	-34.6%
Thailand	N/A	N/A	67.6	N/A	0%
United States	N/A	22.8	21.0	N/A	-7.9%
Others	24.3	19.3	14.3	1.0	-65.5%
Total	551	78.6	163	105	-42.5%

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

France (27.4 tons)
Spain (8.0 tons)
Canada (2.5 tons)
Norway (1.9 tons)
Germany (1.4 tons)
New Zealand (0.7 tons)

Source: IndexBox Market Intelligence Platform

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

Pakistan

Data coverage:

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