Czech Republic: Tyre Cord Fabric Market Overview 2021

Tyre Cord Fabric Market Size in the Czech Republic

In 2019, after six years of decline, there was significant growth in the Czech tyre cord fabric market, when its value increased by X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Tyre Cord Fabric Production in the Czech Republic

In value terms, tyre cord fabric production declined slightly to $X in 2019 estimated in export prices. In general, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from the Czech Republic

In 2019, after five years of growth, there was significant decline in shipments abroad of tyre cord fabric of high tenacity yarn, when their volume decreased by -X% to X tonnes. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, tyre cord fabric exports contracted remarkably to $X in 2019. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Russia (X tonnes), Slovakia (X tonnes) and Poland (X tonnes) were the main destinations of tyre cord fabric exports from the Czech Republic, with a combined X% share of total exports. Germany, Italy, Luxembourg and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in the U.S. (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tyre cord fabric exported from the Czech Republic were Russia ($X), Slovakia ($X) and Germany ($X), together accounting for X% of total exports. Luxembourg, Poland, Italy and the U.S. lagged somewhat behind, together comprising a further X the main countries of destination, the U.S. (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average tyre cord fabric export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, average export prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Luxembourg ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg, while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into the Czech Republic

In 2019, purchases abroad of tyre cord fabric of high tenacity yarn increased by X% to X tonnes, rising for the third consecutive year after six years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2011 to 2019, the growth imports remained at a lower figure.

In value terms, tyre cord fabric imports stood at $X in 2019. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), South Korea (X tonnes) and Germany (X tonnes) were the main suppliers of tyre cord fabric imports to the Czech Republic, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in South Korea (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric suppliers to the Czech Republic were Germany ($X), China ($X) and South Korea ($X), together accounting for X% of total imports.

South Korea (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average tyre cord fabric import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price saw a mild downturn. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Portugal ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyre cord fabric of high tenacity yarn in the world?

+

The countries with the highest volumes of tyre cord fabric consumption in 2019 were China (156K tonnes), the U.S. (86K tonnes) and Germany (64K tonnes), with a combined 34% share of global consumption. Japan, India, Thailand, Brazil, Russia, Indonesia, France, the UK, Romania and Mexico lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of tyre cord fabric of high tenacity yarn in the world?

+

China (345K tonnes) remains the largest tyre cord fabric producing country worldwide, accounting for 37% of total volume. Moreover, tyre cord fabric production in China exceeded the figures recorded by the second-largest producer, Viet Nam (137K tonnes), threefold. Germany (54K tonnes) ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of tyre cord fabric of high tenacity yarn to the Czech Republic?

+

In value terms, Germany ($13M), China ($12M) and South Korea ($9.2M) were the largest tyre cord fabric suppliers to the Czech Republic, together comprising 70% of total imports.

What are the leading importers of tyre cord fabric of high tenacity yarn from the Czech Republic?

+

In value terms, the largest markets for tyre cord fabric exported from the Czech Republic were Russia ($11M), Slovakia ($6.9M) and Germany ($5.6M), with a combined 45% share of total exports. These countries were followed by Luxembourg, Poland, Italy and the U.S., which together accounted for a further 38%.

What is the average export price for tyre cord fabric of high tenacity yarn in the Czech Republic?

+

In 2019, the average tyre cord fabric export price amounted to $4,766 per tonne, increasing by 14% against the previous year.

What is the average import price for tyre cord fabric of high tenacity yarn in the Czech Republic?

+

The average tyre cord fabric import price stood at $4,279 per tonne in 2019, reducing by -9.5% against the previous year.