
Finland - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Tyre Cord Fabric Market Overview 2021
Tyre Cord Fabric Market Size in Finland
After three years of growth, the Finnish tyre cord fabric market decreased by -X% to $X in 2019. Over the period under review, consumption, however, recorded a buoyant increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.
Tyre Cord Fabric Exports
Exports from Finland
In 2019, overseas shipments of tyre cord fabric of high tenacity yarn decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. Overall, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.
In value terms, tyre cord fabric exports reduced to $X in 2019. In general, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.
Exports by Country
Russia (X tonnes) was the main destination for tyre cord fabric exports from Finland, with a X% share of total exports. It was followed by Latvia (X tonnes), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of volume to Russia stood at -X%.
In value terms, Russia ($X) remains the key foreign market for tyre cord fabric exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to Russia stood at -X%.
Export Prices by Country
In 2019, the average tyre cord fabric export price amounted to $X per tonne, falling by -X% against the previous year. Overall, export price indicated temperate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tyre cord fabric export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Latvia ($X per tonne), while the average price for exports to Russia totaled $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia.
Tyre Cord Fabric Imports
Imports into Finland
In 2019, purchases abroad of tyre cord fabric of high tenacity yarn decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports remained at a somewhat lower figure.
In value terms, tyre cord fabric imports reduced to $X in 2019. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.
Imports by Country
South Korea (X tonnes), the Czech Republic (X tonnes) and Turkey (X tonnes) were the main suppliers of tyre cord fabric imports to Finland, together accounting for X% of total imports. China, Viet Nam, Luxembourg and Germany lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Czech Republic ($X), Turkey ($X) and South Korea ($X) appeared to be the largest tyre cord fabric suppliers to Finland, with a combined X% share of total imports. China, Germany, Luxembourg and Viet Nam lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of imports, among 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, approximately equating the previous year. Overall, the import price showed a slight decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($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 Germany, 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), together comprising 34% of global consumption. These countries were followed by Japan, India, Thailand, Brazil, Russia, Indonesia, France, the UK, Romania and Mexico, which together accounted for a further 34%.
What are the largest producers of tyre cord fabric of high tenacity yarn in the world?+
China (345K tonnes) constituted the country with the largest volume of tyre cord fabric production, comprising approx. 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. The third position in this ranking was occupied by Germany (54K tonnes), with a 5.7% share.
What are the leading suppliers of tyre cord fabric of high tenacity yarn to Finland?+
In value terms, the Czech Republic ($4.1M), Turkey ($3.8M) and South Korea ($2.7M) constituted the largest tyre cord fabric suppliers to Finland, together comprising 77% of total imports. China, Germany, Luxembourg and Viet Nam lagged somewhat behind, together accounting for a further 21%.
What are the leading importers of tyre cord fabric of high tenacity yarn from Finland?+
In value terms, Russia ($998K) remains the key foreign market for tyre cord fabric exports from Finland, comprising 91% of total exports. The second position in the ranking was occupied by Latvia ($84K), with a 7.6% share of total exports.
What is the average export price for tyre cord fabric of high tenacity yarn in Finland?+
In 2019, the average tyre cord fabric export price amounted to $5,666 per tonne, waning by -7.2% against the previous year.
What is the average import price for tyre cord fabric of high tenacity yarn in Finland?+
In 2019, the average tyre cord fabric import price amounted to $4,782 per tonne, approximately reflecting the previous year.
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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