U.S.: Tyre Cord Fabric Market 2023

Tyre Cord Fabric Market Size in the U.S.

The U.S. tyre cord fabric market dropped modestly to $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a mild setback. Tyre cord fabric consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tyre Cord Fabric Production in the U.S.

In value terms, tyre cord fabric production dropped to $X in 2022. Overall, production recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Tyre cord fabric production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from the U.S.

In 2022, approx. X tons of tyre cord fabric of high tenacity yarn were exported from the United States; with a decrease of X% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tyre cord fabric exports amounted to $X in 2022. In general, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of tyre cord fabric exports from the United States, together comprising X% of total exports. Spain, Ecuador, Bangladesh and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Mexico ($X) and Brazil ($X) appeared to be the largest markets for tyre cord fabric exported from the United States worldwide, with a combined X% share of total exports. Ecuador, India, Bangladesh and Spain lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average tyre cord fabric export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into the U.S.

Tyre cord fabric imports into the United States reduced to X tons in 2022, shrinking by X% on the previous year. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, tyre cord fabric imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of tyre cord fabric to the United States, accounting for a X% share of total imports. Moreover, tyre cord fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Mexico (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to the United States, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average tyre cord fabric import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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