Global Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size

The global tyre cord fabric market declined modestly to $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tyre Cord Fabric Production

In value terms, tyre cord fabric production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Tyre Cord Fabric Exports

Exports

In 2022, approx. X tons of tyre cord fabric of high tenacity yarn were exported worldwide; waning by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, tyre cord fabric exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, China (X tons) and Vietnam (X tons) represented the largest exporters of tyre cord fabric of high tenacity yarnin the world, together creating X% of total exports. It was distantly followed by Luxembourg (X tons) and South Korea (X tons), together comprising a X% share of total exports. Turkey (X tons), Indonesia (X tons), Germany (X tons), the Czech Republic (X tons), the United States (X tons), Poland (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric supplying countries worldwide were China ($X), Vietnam ($X) and Luxembourg ($X), with a combined X% share of global exports. South Korea, Turkey, Poland, Germany, Indonesia, Taiwan (Chinese), the United States and the Czech Republic lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tyre cord fabric export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

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

Tyre Cord Fabric Imports

Imports

In 2022, the amount of tyre cord fabric of high tenacity yarn imported worldwide fell to X tons, with a decrease of X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. 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 shrank in the following year.

In value terms, tyre cord fabric imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), followed by Thailand (X tons), India (X tons), Japan (X tons), South Korea (X tons), Germany (X tons) and Indonesia (X tons) were the key importers of tyre cord fabric of high tenacity yarn, together generating X% of total imports. Brazil (X tons), Poland (X tons), Romania (X tons), Turkey (X tons), Canada (X tons) and China (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. South Korea, Germany, Japan, Indonesia, Brazil, Romania, China, Poland, Canada and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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