Report Kuwait - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Kuwait - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Tyre Cord Fabric Market 2023

Tyre Cord Fabric Market Size in Kuwait

The Kuwaiti tyre cord fabric market dropped slightly to $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption posted a buoyant increase. Tyre cord fabric consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Tyre Cord Fabric Production in Kuwait

In value terms, tyre cord fabric production fell to $X in 2021 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. Tyre cord fabric production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Kuwait

For the third consecutive year, Kuwait recorded growth in shipments abroad of tyre cord fabric of high tenacity yarn, which increased by 100% to X tons in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 203%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for tyre cord fabric exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +141.1%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +177.0%.

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, with an increase of 128% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +6.6% per year.

Tyre Cord Fabric Imports

Imports into Kuwait

In 2021, overseas purchases of tyre cord fabric of high tenacity yarn decreased by -46.7% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 616% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tyre cord fabric imports dropped remarkably to $X in 2021. Over the period under review, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 625% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X kg), Poland (X kg) and Saudi Arabia (X kg) were the main suppliers of tyre cord fabric imports to Kuwait, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +36.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest tyre cord fabric suppliers to Kuwait were Taiwan (Chinese) ($X), Poland ($X) and Saudi Arabia ($X), together accounting for 54% of total imports.

Poland, with a CAGR of +13.0%, recorded 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 a decline.

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, with an increase of 9.8% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tyre cord fabric import price increased by +9.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

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 consumption in 2021 were China, the United States and Russia, together accounting for 34% of global consumption. These countries were followed by Germany, Indonesia, India, France, South Korea, Thailand, Mexico, the UK, Japan and Turkey, which together accounted for a further 30%.
What are the largest producers of tyre cord fabric of high tenacity yarn in the world?
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The country with the largest volume of tyre cord fabric production was China, accounting for 27% of total volume. Moreover, tyre cord fabric production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was held by Vietnam, with an 8.8% share.
What are the leading suppliers of tyre cord fabric of high tenacity yarn to Kuwait?
+
In value terms, Taiwan Chinese), Poland and Saudi Arabia $916) appeared to be the largest tyre cord fabric suppliers to Kuwait, together accounting for 54% of total imports.
What are the leading importers of tyre cord fabric of high tenacity yarn from Kuwait?
+
In value terms, the United Arab Emirates remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Kuwait.
What is the average export price for tyre cord fabric of high tenacity yarn in Kuwait?
+
In 2021, the average tyre cord fabric export price amounted to $6,972 per ton, growing by 128% against the previous year.
What is the average import price for tyre cord fabric of high tenacity yarn in Kuwait?
+
The average tyre cord fabric import price stood at $5,209 per ton in 2021, growing by 9.8% against the previous year.

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Kuwait
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

Finding New Products to Diversify Your Business

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

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

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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