Middle East: Tyre Cord Fabric Market 2020

Tyre Cord Fabric Market Size in Middle East

The revenue of the tyre cord fabric market in Middle East amounted to $X in 2017, growing by X% against the previous year. The total market indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the tyre cord fabric market attained its peak figure level of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Tyre Cord Fabric Production in Middle East

The tyre cord fabric production amounted to X square meters in 2017, surging by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2013, when the output figure increased by X% year-to-year. The volume of tyre cord fabric production peaked in 2017, and is likely to continue its growth in the immediate term.

Tyre Cord Fabric Exports in Middle East

The exports stood at X square meters in 2017, falling by -X% against the previous year. The tyre cord fabric exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Over the period under review, the tyre cord fabric exports attained its maximum volume of X square meters in 2016, and then declined slightly in the following year.

In value terms, tyre cord fabric exports totaled $X in 2017. The tyre cord fabric exports continue to indicate a moderate decline. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Exports by Country in Middle East

The countries with the highest levels of tyre cord fabric exports in 2017 were Turkey (X square meters), together recording X% of total export.

Turkey was also the fastest growing in terms of the tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon exports, with a CAGR of -X% from 2007 to 2017. Turkey (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest tyre cord fabric supplier in Middle East.

In Turkey, tyre cord fabric exports decreased by an average annual rate of -X% over the period from 2007-2017.

Tyre Cord Fabric Export Prices by Country in Middle East

In 2017, the tyre cord fabric export price in Middle East amounted to $X per thousand square meters, coming up by X% against the previous year. The tyre cord fabric export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. The level of export price peaked of $X per thousand square meters in 2008; however, from 2009 to 2017, it failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (-X% per year).

Tyre Cord Fabric Imports in Middle East

In 2017, the amount of tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon imported in Middle East stood at X square meters, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. The volume of imports peaked of X square meters in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, tyre cord fabric imports amounted to $X in 2017. The tyre cord fabric imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Imports by Country in Middle East

Turkey was the largest importing country with an import of about X square meters, which accounted for X% of total imports. Iran (X square meters) took a X% share (based on tons) of total imports, which put it in second place, followed by Israel (X%).

Turkey was also the fastest growing in terms of the tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon imports, with a CAGR of +X% from 2007 to 2017. Iran experienced a relatively flat trend pattern. Israel (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Israel and Iran increased by X% and X% percentage points, while Turkey (-X%) saw their share reduced.

In value terms, Turkey ($X) constitutes the largest market for imported tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-X% per year) and Israel (-X% per year).

Tyre Cord Fabric Import Prices by Country in Middle East

The tyre cord fabric import price in Middle East stood at $X per thousand square meters in 2017, jumping by X% against the previous year. The tyre cord fabric import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the import prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon attained their peak level of $X per thousand square meters. From 2012 to 2017, growth of the import prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Israel ($X per thousand square meters) and Turkey ($X per thousand square meters), while Iran ($X per thousand square meters) and Turkey ($X per thousand square meters) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Israel (+X% per year), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform