Asia: Tyre Cord Fabric Market 2020

Tyre Cord Fabric Market Size in Asia

The revenue of the tyre cord fabric market in Asia amounted to $X in 2017, increasing by X% against the previous year. The tyre cord fabric consumption continues to indicate a significant reduction. The pace of growth appeared the most rapid in 2017, when market value increased by X% y-o-y. The level of tyre cord fabric consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Production in Asia

In 2017, the amount of tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon produced in Asia amounted to X square meters, approximately mirroring the previous year. The tyre cord fabric production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when the output figure increased by X% y-o-y. The volume of tyre cord fabric production peaked in 2017, and is expected to retain its growth in the immediate term.

Tyre Cord Fabric Exports in Asia

The exports totaled X square meters in 2017, remaining stable against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2010, when exports increased by X% y-o-y. The volume of exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, tyre cord fabric exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Exports by Country in Asia

China represented the largest exporter of tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon in Asia, with the volume of exports accounting for X square meters, which was approx. X% of total exports in 2017. It was distantly followed by Vietnam (X square meters), South Korea (X square meters), Turkey (X square meters), Taiwan, Chinese (X square meters) and Indonesia (X square meters), together comprising X% share of total exports. Thailand (X square meters) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Vietnam (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, South Korea (-X%), Turkey (-X%), Thailand (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Taiwan, Chinese and South Korea increased by X% and X% percentage points, while Vietnam (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tyre cord fabric markets worldwide were China ($X), Vietnam ($X) and South Korea ($X), together comprising X% of total exports.

In terms of the main exporting countries , Vietnam (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Tyre Cord Fabric Export Prices by Country in Asia

In 2017, the tyre cord fabric export price in Asia amounted to $X per thousand square meters, picking up by X% against the previous year. The tyre cord fabric export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. In that year, the export prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon reached their peak level of $X per thousand square meters. From 2012 to 2017, growth of the export prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Turkey ($X per thousand square meters) and Taiwan, Chinese ($X per thousand square meters), while China ($X per thousand square meters) and South Korea ($X per thousand square meters) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced a decline in the export price figures.

Tyre Cord Fabric Imports in Asia

In 2017, the amount of tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon imported in Asia stood at X square meters, increasing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2010, when imports increased by X% against the previous year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, tyre cord fabric imports amounted to $X in 2017. The total imports indicated a noticeable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tyre cord fabric imports decreased by -X% against 2011 indices. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Imports by Country in Asia

The imports of the five major importers of tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon, namely Thailand, India, Japan, Indonesia and South Korea, represented more than two-thirds of total import. It was distantly followed by China (X square meters), making up X% share of total imports. The following importers - Taiwan, Chinese (X square meters), Turkey (X square meters), Sri Lanka (X square meters), Bangladesh (X square meters), Malaysia (X square meters) and Vietnam (X square meters) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Thailand ($X) and Japan ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports. South Korea, China, Indonesia, Turkey, Taiwan, Chinese, Malaysia, Vietnam, Sri Lanka and Bangladesh lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Indonesia (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Tyre Cord Fabric Import Prices by Country in Asia

The tyre cord fabric import price in Asia stood at $X per thousand square meters in 2017, falling by -X% against the previous year. The tyre cord fabric import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. In that year, the import prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon attained their peak level of $X per thousand square meters. From 2012 to 2017, growth of the import prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per thousand square meters), while Bangladesh ($X per thousand square meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform