Asia: Tyre Cord Wire Rod Market 2020

Tyre Cord Wire Rod Market Size in Asia

The revenue of the tyre cord wire rod market in Asia amounted to $X in 2017, growing by X% against the previous year. The tyre cord wire rod consumption continues to indicate a temperate setback. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the tyre cord wire rod market attained their peak level of $X. From 2009 to 2017, growth of the tyre cord wire rod market failed to regain its momentum.

Tyre Cord Wire Rod Production in Asia

In 2017, approx. X tons of wire rod for tyre cord were produced in Asia; reducing by -X% against the previous year. The total output volume 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 pace of growth appeared the most rapid in 2009, when the output figure increased by X% y-o-y. The volume of tyre cord wire rod production peaked of X tons in 2016, and then declined slightly in the following year.

Tyre Cord Wire Rod Exports in Asia

In 2017, tyre cord wire rod exports in Asia amounted to X tons, waning by -X% against the previous year. The tyre cord wire rod exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, tyre cord wire rod exports stood at $X in 2017. The tyre cord wire rod exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Tyre Cord Wire Rod Exports by Country in Asia

In 2017, Turkey (X tons), Japan (X tons) and South Korea (X tons) represented the main exporters of wire rod for tyre cord in Asia, mixed up X% of total export. It was distantly followed by India (X tons) and Taiwan, Chinese (X tons), together committing X% share of total exports. The following exporters - Vietnam (X tons) and Indonesia (X tons) together made up X% of total exports.

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

In value terms, the largest tyre cord wire rod markets worldwide were Japan ($X), Turkey ($X) and South Korea ($X), together accounting for X% of total exports. Taiwan, Chinese, India, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries , India (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Tyre Cord Wire Rod Export Prices by Country in Asia

The tyre cord wire rod export price in Asia stood at $X per ton in 2017, rising by X% against the previous year. The tyre cord wire rod export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the export prices increased by X% year-to-year. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it 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 Japan ($X per ton) and South Korea ($X per ton), while Turkey ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Tyre Cord Wire Rod Imports in Asia

In 2017, the amount of wire rod for tyre cord imported in Asia stood at X tons, waning by -X% against the previous year. The tyre cord wire rod imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the tyre cord wire rod imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, tyre cord wire rod imports stood at $X in 2017. The tyre cord wire rod imports continue to indicate a deep decline. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Wire Rod Imports by Country in Asia

Saudi Arabia (X tons), South Korea (X tons) and Turkey (X tons) represented roughly X% of total imports of wire rod for tyre cord in 2017. Taiwan, Chinese (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%), Vietnam (X%), China (X%), Nepal (X%) and Thailand (X%). The following importers - Israel (X tons), Lebanon (X tons) and Jordan (X tons) 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 Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord wire rod markets worldwide were South Korea ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

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

Tyre Cord Wire Rod Import Prices by Country in Asia

The tyre cord wire rod import price in Asia stood at $X per ton in 2017, increasing by X% against the previous year. The tyre cord wire rod import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for wire rod for tyre cord reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform