Argentina: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Argentina

The Argentinian tyre cord fabric market skyrocketed to $X in 2021, jumping by 133% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tyre Cord Fabric Exports

Exports from Argentina

In 2021, shipments abroad of tyre cord fabric of high tenacity yarn increased by 23% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 51% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tyre cord fabric exports surged to $X in 2021. Overall, exports, however, recorded a precipitous decline. The pace of growth was the most pronounced in 2014 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for tyre cord fabric exports from Argentina, with a 54% share of total exports. Moreover, tyre cord fabric exports to Spain exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Colombia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-25.8% per year) and Colombia (+0.9% per year).

In value terms, Brazil ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Argentina, comprising 34% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 14% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-8.3% per year) and Spain (-26.1% per year).

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, which is down by -4.2% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Argentina

In 2021, overseas purchases of tyre cord fabric of high tenacity yarn were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a deep reduction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tyre cord fabric imports soared to $X in 2021. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of tyre cord fabric to Argentina, accounting for a 35% share of total imports. Moreover, tyre cord fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-24.5% per year) and Mexico (+4.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Argentina, comprising 34% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Mexico, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-22.9% per year) and Mexico (+1.0% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price, however, saw a noticeable descent. 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, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :