Latin America and the Caribbean: Tyre Cord Wire Rod Market 2020

Tyre Cord Wire Rod Market Size in Latin America and the Caribbean

The revenue of the tyre cord wire rod market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The tyre cord wire rod consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. In that year, the tyre cord wire rod market reached their peak level of $X. From 2013 to 2017, growth of the tyre cord wire rod market stood at a somewhat lower level.

Tyre Cord Wire Rod Production in Latin America and the Caribbean

The tyre cord wire rod production totaled X tons in 2017, picking up by X% against the previous year. The tyre cord wire rod production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. The volume of tyre cord wire rod production peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Tyre Cord Wire Rod Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, picking up by X% against the previous year. The tyre cord wire rod exports continue to indicate a moderate curtailment. The pace of growth appeared the most rapid in 2017, when it surged by X% against the previous year. Over the period under review, the tyre cord wire rod exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, tyre cord wire rod exports stood at $X in 2017. The tyre cord wire rod exports continue to indicate an abrupt decrease. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Tyre Cord Wire Rod Exports by Country in Latin America and the Caribbean

In 2017, Brazil (X tons) was the largest exporter for wire rod for tyre cord, mixed up X% of total exports. It was distantly followed by Mexico (X tons), generating X% share of total exports. Argentina (X tons), Trinidad and Tobago (X tons), Chile (X tons) and Venezuela (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Chile (+X% per year), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Mexico ($X) and Trinidad and Tobago ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by Argentina, Chile and Venezuela, which together accounted for a further X%.

In terms of the main exporting countries , Chile (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Tyre Cord Wire Rod Export Prices by Country in Latin America and the Caribbean

The tyre cord wire rod export price in Latin America and the Caribbean stood at $X per ton in 2017, rising by X% against the previous year. The tyre cord wire rod export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Trinidad and Tobago ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Tyre Cord Wire Rod Imports in Latin America and the Caribbean

The imports amounted to X tons in 2017, reducing by -X% against the previous year. The tyre cord wire rod imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, tyre cord wire rod imports amounted to $X in 2017. The tyre cord wire rod imports continue to indicate a measured decrease. In that year, the tyre cord wire rod imports reached their peak level of $X. From 2009 to 2017, growth of the tyre cord wire rod imports stood at a somewhat lower level.

Tyre Cord Wire Rod Imports by Country in Latin America and the Caribbean

In 2017, Colombia (X tons), distantly followed by the Dominican Republic (X tons), El Salvador (X tons), Nicaragua (X tons), Guatemala (X tons), Mexico (X tons), Ecuador (X tons), Costa Rica (X tons), Peru (X tons) and Honduras (X tons) were the largest importers of wire rod for tyre cord, together creating X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Honduras (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), the Dominican Republic ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by El Salvador, Guatemala, Ecuador, Costa Rica, Honduras, Peru and Nicaragua, which together accounted for a further X%.

Honduras (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Tyre Cord Wire Rod Import Prices by Country in Latin America and the Caribbean

In 2017, the tyre cord wire rod import price in Latin America and the Caribbean amounted to $X per ton, going up by X% against the previous year. The tyre cord wire rod import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2008, when the import prices increased by X% year-to-year. In that year, the import prices for wire rod for tyre cord attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for wire rod for tyre cord failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform