
Ukraine - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
Ukraine: Tyre Cord Fabric Market 2022
Tyre Cord Fabric Market Size in Ukraine
The Ukrainian tyre cord fabric market rose significantly to $X in 2021, surging by 7.5% against the previous year. In general, consumption saw a pronounced increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.
Tyre Cord Fabric Production in Ukraine
In value terms, tyre cord fabric production rose markedly to $X in 2021 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.
Tyre Cord Fabric Imports
Imports into Ukraine
In 2021, approx. X tons of tyre cord fabric of high tenacity yarn were imported into Ukraine; surging by 9.6% on the year before. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 55%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.
In value terms, tyre cord fabric imports surged to $X in 2021. Overall, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 42%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Belarus (X tons) constituted the largest tyre cord fabric supplier to Ukraine, with a 69% share of total imports. Moreover, tyre cord fabric imports from Belarus exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with a 12% share.
From 2012 to 2021, the average annual growth rate of volume from Belarus amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2,525.4% per year) and South Korea (+15.4% per year).
In value terms, Belarus ($X) constituted the largest supplier of tyre cord fabric to Ukraine, comprising 67% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by South Korea, with an 11% share.
From 2012 to 2021, the average annual growth rate of value from Belarus stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2,297.3% per year) and South Korea (+13.4% per year).
Import Prices by Country
The average tyre cord fabric import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tyre cord fabric market in Ukraine. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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