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Turkey - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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May 20, 2023

Turkey's Tyre Cord Fabric Price Peaks at $6,337 per Ton

Turkey Tyre Cord Fabric Export Price in January 2023

In January 2023, the tyre cord fabric price amounted to $6,337 per ton (FOB, Turkey), increasing by 3.4% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2022 an increase of 15% against the previous month. The export price peaked in January 2023.

There were significant differences in the average prices for the major overseas markets. In January 2023, the country with the highest price was the United States ($15,114 per ton), while the average price for exports to Spain ($4,130 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Tyre Cord Fabric in Turkey (USD per ton)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
United States10,94513,15615,38611,16310,02510,52915,81810,80614,84921,57112,04310,71815,114
Luxembourg9,7877,3598,7599,4069,43711,0699,51310,4799,3969,2089,44312,1099,366
Slovakia7,4887,3707,4367,3616,6246,8388,1738,3577,9937,6028,6867,8858,118
Germany5,0876,0886,2845,5075,4245,4106,5706,7456,4236,1247,3056,1327,864
United Kingdom6,3076,7257,1886,9276,5856,7266,9677,2576,9206,8657,2426,9876,921
Czech Republic6,5955,6045,2395,6955,0904,0295,8325,4495,5536,0204,3335,7716,012
Poland3,8685,1214,9485,9725,4546,0506,0385,1325,1436,9634,6645,2925,873
France3,9004,9013,8374,3456,5313,7594,5633,6525,5886,6977,217N/A5,821
Italy4,9534,9634,9914,7554,6474,3454,5803,9825,2536,4285,9576,2655,283
Hungary4,0883,9393,7064,0583,4134,0283,8874,8424,0833,9203,8194,8884,932
Serbia3,0743,8383,7793,6563,5653,5423,5523,9713,9113,8693,8374,5404,410
Romania3,3543,4603,5723,3473,2003,3273,1633,1443,3523,2803,2823,7374,225
Spain3,4003,3533,2513,4163,1883,1503,3883,2553,5003,1213,1743,2684,130
Average5,2915,5785,4135,3295,7255,2586,0335,6955,5125,9466,2576,1306,337

Turkey Tyre Cord Fabric Exports

In January 2023, shipments abroad of tyre cord fabric of high tenacity yarn was finally on the rise to reach 2K tons for the first time since October 2022, thus ending a two-month declining trend. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, tyre cord fabric exports surged to $13M (IndexBox estimates) in January 2023. The total export value increased at an average monthly rate of +1.5% over the period from January 2022 to January 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain months.

Turkey Tyre Cord Fabric Exports by Country

Serbia (386 tons), Poland (242 tons) and Romania (180 tons) were the main destinations of tyre cord fabric exports from Turkey, with a combined 40% share of total exports.

From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +4.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tyre cord fabric exported from Turkey were the United States ($1.9M), Serbia ($1.7M) and Poland ($1.4M), together comprising 39% of total exports. Italy, Luxembourg, Romania, the Czech Republic, Hungary, Germany, Slovakia, France, the UK and Spain lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Romania, with a CAGR of +6.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tyre cord fabric market in Turkey. 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:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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