Asia-Pacific: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Asia-Pacific

In 2021, the Asia-Pacific tyre cord fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Tyre Cord Fabric Production in Asia-Pacific

In value terms, tyre cord fabric production expanded notably to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.6% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tyre Cord Fabric Exports

Exports in Asia-Pacific

Tyre cord fabric exports skyrocketed to X tons in 2021, picking up by 41% against 2020. The total export volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Vietnam (X tons) dominates exports structure, together constituting 80% of total exports. It was distantly followed by South Korea (X tons), achieving a 9.1% share of total exports. Indonesia (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +10.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric supplying countries in Asia-Pacific were China ($X), Vietnam ($X) and South Korea ($X), together accounting for 86% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +9.3%, 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.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the export price, however, continues to indicate a mild reduction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Tyre Cord Fabric Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of tyre cord fabric of high tenacity yarn increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), India (X tons), Japan (X tons), South Korea (X tons) and Indonesia (X tons) represented the main importer of tyre cord fabric of high tenacity yarn in Asia-Pacific, making up 75% of total import. China (X tons), Bangladesh (X tons), Vietnam (X tons), Sri Lanka (X tons), Pakistan (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric importing markets in Asia-Pacific were India ($X), Thailand ($X) and South Korea ($X), with a combined 53% share of total imports. Japan, Indonesia, China, Vietnam, Pakistan, Sri Lanka, Taiwan (Chinese), Bangladesh, Malaysia and the Philippines lagged somewhat behind, together comprising a further 46%.

The Philippines, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 23% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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