Southern Asia: Tyre Cord Wire Rod Market 2020

Tyre Cord Wire Rod Market Size in Southern Asia

The revenue of the tyre cord wire rod market in Southern Asia amounted to $X in 2017, jumping by X% against the previous year. The tyre cord wire rod consumption continues to indicate a strong growth. The most prominent rate of growth was recorded in 2017, when market value increased by X% year-to-year. In that year, the tyre cord wire rod market reached their peak level, and is likely to continue its growth in the immediate term.

Tyre Cord Wire Rod Production in Southern Asia

The tyre cord wire rod production stood at X tons in 2017, going up by X% against the previous year. The tyre cord wire rod production continues to indicate an outstanding growth. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, the tyre cord wire rod production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Tyre Cord Wire Rod Exports in Southern Asia

The exports amounted to X tons in 2017, waning by -X% against the previous year. The tyre cord wire rod exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. The volume of exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, tyre cord wire rod exports stood at $X in 2017. The tyre cord wire rod exports continue to indicate a remarkable growth. Over the period under review, the tyre cord wire rod exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Tyre Cord Wire Rod Exports by Country in Southern Asia

The exports of the one major exporters of wire rod for tyre cord, namely India, represented more than two-thirds of total export.

India was also the fastest growing in terms of the wire rod for tyre cord exports, with a CAGR of +X% from 2007 to 2017. From 2007 to 2017, the share of India decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tyre cord wire rod supplier in Southern Asia.

In India, tyre cord wire rod exports expanded at an average annual rate of +X% over the period from 2007-2017.

Tyre Cord Wire Rod Export Prices by Country in Southern Asia

In 2017, the tyre cord wire rod export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. The tyre cord wire rod export price continues to indicate a mild deduction. The pace of growth was the most pronounced in 2017, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2012; however, from 2013 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 India.

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

Tyre Cord Wire Rod Imports in Southern Asia

In 2017, approx. X tons of wire rod for tyre cord were imported in Southern Asia; picking up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. Over the period under review, the tyre cord wire rod imports attained its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, tyre cord wire rod imports stood at $X in 2017. The tyre cord wire rod imports continue to indicate a relatively flat trend pattern. Over the period under review, the tyre cord wire rod imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Tyre Cord Wire Rod Imports by Country in Southern Asia

In 2017, Nepal (X tons) was the key importer for wire rod for tyre cord, comprising X% of total imports. It was distantly followed by Pakistan (X tons), Sri Lanka (X tons), India (X tons) and Bangladesh (X tons), together making up X% share of total imports.

Nepal was also the fastest growing in terms of the wire rod for tyre cord imports, with a CAGR of +X% from 2007 to 2017. At the same time, Bangladesh (+X%) displayed positive paces of growth. By contrast, Sri Lanka (-X%), Pakistan (-X%) and India (-X%) illustrated a downward trend over the same period. India (X%), Pakistan (X%) and Sri Lanka (X%) significantly strengthened its position in terms of the global imports, while Bangladesh and Nepal saw its share reduced by -X% and -X% from 2007 to 2017, respectively.

In value terms, Nepal ($X) constitutes the largest market for imported wire rod for tyre cord in Southern Asia, making up X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by Sri Lanka, with a X% share.

In Nepal, tyre cord wire rod imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-X% per year) and Sri Lanka (-X% per year).

Tyre Cord Wire Rod Import Prices by Country in Southern Asia

The tyre cord wire rod import price in Southern Asia stood at $X per ton in 2017, jumping by X% against the previous year. The tyre cord wire rod import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. In that year, the import prices for wire rod for tyre cord reached 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.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in India ($X per ton) and Pakistan ($X per ton), while Nepal ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform