China - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChinas Price for Tyre Cord Fabric Decreases by 2%, Reaching An Average of $3,071 per Ton
China Tyre Cord Fabric Export Price in June 2023
In June 2023, the tyre cord fabric price stood at $3,071 per ton (FOB, China), reducing by -1.9% against the previous month. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 3.6% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,973 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($4,781 per ton), while the average price for exports to India ($2,722 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-1.2%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Tyre Cord Fabric in China (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Brazil | 5,596 | 4,944 | 5,525 | 5,895 | 5,826 | 5,337 | 5,797 | 5,362 | 4,472 | 3,792 | 5,223 | 4,734 | 4,781 |
| Vietnam | 4,348 | 3,979 | 4,002 | 4,254 | 3,886 | 3,579 | 3,194 | 3,355 | 2,837 | 2,985 | 3,570 | 3,215 | 3,538 |
| Indonesia | 4,513 | 4,693 | 4,694 | 4,463 | 3,988 | 4,111 | 3,729 | 3,784 | 3,383 | 3,537 | 3,451 | 3,521 | 3,484 |
| Thailand | 3,606 | 3,863 | 3,921 | 3,979 | 3,791 | 3,468 | 3,405 | 3,145 | 3,021 | 3,011 | 2,921 | 3,049 | 3,109 |
| South Korea | 4,500 | 3,933 | 4,514 | 4,416 | 4,859 | 4,643 | 3,572 | 3,657 | 3,459 | 3,618 | 3,340 | 3,426 | 3,068 |
| Japan | 3,406 | 3,279 | 3,546 | 3,343 | 3,404 | 3,442 | 3,445 | 2,907 | 2,807 | 2,731 | 2,779 | 2,775 | 2,825 |
| India | 3,779 | 3,672 | 3,628 | 3,503 | 3,182 | 2,996 | 2,854 | 3,058 | 2,645 | 2,849 | 2,712 | 2,778 | 2,722 |
| Average | 3,851 | 3,849 | 3,973 | 3,848 | 3,766 | 3,575 | 3,494 | 3,397 | 3,138 | 3,127 | 3,020 | 3,129 | 3,071 |
China Tyre Cord Fabric Exports
In June 2023, exports of tyre cord fabric of high tenacity yarn from China shrank to 21K tons, waning by -11.8% compared with May 2023. Over the period under review, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in January 2023 when exports increased by 20% against the previous month.
In value terms, tyre cord fabric exports dropped to $63M (IndexBox estimates) in June 2023. In general, exports saw a pronounced slump. The most prominent rate of growth was recorded in March 2023 with an increase of 19% against the previous month.
China Tyre Cord Fabric Exports by Country
Thailand (3.9K tons), India (3.5K tons) and Japan (1.9K tons) were the main destinations of tyre cord fabric exports from China, together comprising 45% of total exports. These countries were followed by South Korea, Indonesia, Pakistan, Turkey, the Philippines, Vietnam, Brazil, the United States, Bangladesh and Russia, which together accounted for a further 34%.
From June 2022 to June 2023, the biggest increases were in Pakistan (with a CAGR of +3.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Thailand ($12M), India ($9.5M) and Japan ($5.5M) were the largest markets for tyre cord fabric exported from China worldwide, together accounting for 43% of total exports. These countries were followed by Indonesia, South Korea, Brazil, Pakistan, Turkey, Vietnam, the Philippines, Russia, the United States and Bangladesh, which together accounted for a further 36%.
Among the main countries of destination, Pakistan, with a CAGR of +1.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the tyre cord fabric market in China. 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.
Product coverage:
- Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
