Australia: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Australia

The Australian tyre cord fabric market skyrocketed to $X in 2021, rising by 21% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.6% against 2019 indices. Tyre cord fabric consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Tyre Cord Fabric Production in Australia

In value terms, tyre cord fabric production surged to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 -15.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 171% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Australia

In 2021, overseas shipments of tyre cord fabric of high tenacity yarn increased by 69% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 261%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 133% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for tyre cord fabric exports from Australia, with a 69% share of total exports. Moreover, tyre cord fabric exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at +80.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+32.7% per year) and Hong Kong SAR (+1.8% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for tyre cord fabric of high tenacity yarn exports from Australia, comprising 76% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +69.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.6% per year) and Hong Kong SAR (-11.6% per year).

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, picking up by 25% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 133% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 New Caledonia (+7.0%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Australia

In 2021, the amount of tyre cord fabric of high tenacity yarn imported into Australia soared to X tons, increasing by 31% compared with the previous year. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 288% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tyre cord fabric imports skyrocketed to $X in 2021. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 241%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Indonesia (X tons), China (X tons) and Malaysia (X kg) were the main suppliers of tyre cord fabric imports to Australia, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +38.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) appeared to be the largest tyre cord fabric suppliers to Australia, with a combined 92% share of total imports.

Among the main suppliers, China, with a CAGR of +38.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, declining by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat 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 Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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