Israel: Tyre Cord Fabric Market 2023

Tyre Cord Fabric Market Size in Israel

The Israeli tyre cord fabric market skyrocketed to $X in 2021, jumping by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Israel

In 2021, the amount of tyre cord fabric of high tenacity yarn exported from Israel soared to X tons, increasing by 10,372% on the previous year. Over the period under review, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), the United States (X tons) and Romania (X tons) were the main destinations of tyre cord fabric exports from Israel, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tyre cord fabric exported from Israel were the UK ($X), the United States ($X) and Romania ($X), together comprising 95% of total exports.

Among the main countries of destination, the UK, with a CAGR of +56.6%, saw the highest growth rate of 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 ton in 2021, increasing by 22% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 84%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Romania ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Israel

In 2021, imports of tyre cord fabric of high tenacity yarn into Israel skyrocketed to X tons, jumping by 20% compared with 2020 figures. Over the period under review, imports, however, showed a slight setback. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, tyre cord fabric imports surged to $X in 2021. In general, imports, however, showed a perceptible setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main tyre cord fabric supplier to Israel, accounting for a 91% share of total imports. Moreover, tyre cord fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.0% per year) and Vietnam (-17.5% per year).

In value terms, China ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Israel, comprising 93% of total imports. The second position in the ranking was taken by India ($X), with a 4.9% share of total imports. It was followed by Vietnam, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and Vietnam (-14.4% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, growing by 8.1% against the previous year. In general, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2017 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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