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Hungary - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Tyre Cord Fabric Market Overview 2021

Tyre Cord Fabric Market Size in Hungary

In 2019, the Hungarian tyre cord fabric market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Tyre Cord Fabric Production in Hungary

In value terms, tyre cord fabric production skyrocketed to $X in 2019 estimated in export prices. Overall, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Hungary

In 2019, after two years of growth, there was significant decline in overseas shipments of tyre cord fabric of high tenacity yarn, when their volume decreased by -X% to X tonnes. In general, exports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, tyre cord fabric exports dropped modestly to $X in 2019. Over the period under review, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Romania (X tonnes), Serbia (X tonnes) and Spain (X tonnes) were the main destinations of tyre cord fabric exports from Hungary, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Spain ($X) and Poland ($X) constituted the largest markets for tyre cord fabric exported from Hungary worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Romania (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tyre cord fabric export price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while the average price for exports to Sri Lanka ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Hungary

In 2019, supplies from abroad of tyre cord fabric of high tenacity yarn decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then dropped notably in the following year.

In value terms, tyre cord fabric imports fell to $X in 2019. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018, and then declined in the following year.

Imports by Country

South Korea (X tonnes), Poland (X tonnes) and China (X tonnes) were the main suppliers of tyre cord fabric imports to Hungary, with a combined X% share of total imports. Germany, Turkey, Indonesia and India lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of tyre cord fabric to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2019, the average annual growth rate of value from South Korea stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, 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?
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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 accounting for 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?
+
The country with the largest volume of tyre cord fabric production was China (345K tonnes), 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. 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 Hungary?
+
In value terms, South Korea ($18M) constituted the largest supplier of tyre cord fabric to Hungary, comprising 35% of total imports. The second position in the ranking was occupied by Germany ($8.4M), with a 16% share of total imports. It was followed by Poland, with a 14% share.
What are the leading importers of tyre cord fabric of high tenacity yarn from Hungary?
+
In value terms, Romania ($16M), Spain ($10M) and Poland ($8M) appeared to be the largest markets for tyre cord fabric exported from Hungary worldwide, with a combined 64% share of total exports.
What is the average export price for tyre cord fabric of high tenacity yarn in Hungary?
+
In 2019, the average tyre cord fabric export price amounted to $3,978 per tonne, growing by 6.7% against the previous year.
What is the average import price for tyre cord fabric of high tenacity yarn in Hungary?
+
In 2019, the average tyre cord fabric import price amounted to $4,263 per tonne, picking up by 4.9% against the previous year.

Product coverage:
• Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon

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


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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