Benelux: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Benelux

The Benelux tyre cord fabric market rose sharply to $X in 2021, surging by 9.4% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 increased by +112.2% against 2013 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Tyre Cord Fabric Production in Benelux

In value terms, tyre cord fabric production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Tyre Cord Fabric Exports

Exports in Benelux

Tyre cord fabric exports soared to X tons in 2021, jumping by 20% compared with the previous year. In general, exports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 24%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Overall, exports, however, recorded a pronounced reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Luxembourg prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2021. It was distantly followed by the Netherlands (X tons), mixing up a 6.5% share of total exports. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tyre cord fabric exports from Luxembourg stood at -2.8%. At the same time, the Netherlands (+2.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +2.9% from 2012-2021. By contrast, Belgium (-14.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Luxembourg increased by +2.7 and +2.4 percentage points, respectively.

In value terms, Luxembourg ($X) remains the largest tyre cord fabric supplier in Benelux, comprising 91% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4.8% share of total exports.

In Luxembourg, tyre cord fabric exports declined by an average annual rate of -3.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+9.9% per year) and Belgium (-12.1% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, surging by 4% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Tyre Cord Fabric Imports

Imports in Benelux

In 2021, the amount of tyre cord fabric of high tenacity yarn imported in Benelux skyrocketed to X tons, rising by 88% compared with the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Luxembourg represented the major importer of tyre cord fabric of high tenacity yarn in Benelux, with the volume of imports recording X tons, which was approx. 78% of total imports in 2021. It was distantly followed by the Netherlands (X tons) and Belgium (X tons), together mixing up a 22% share of total imports.

Luxembourg was also the fastest-growing in terms of the tyre cord fabric of high tenacity yarn imports, with a CAGR of +27.0% from 2012 to 2021. Belgium (-2.7%) and the Netherlands (-9.0%) illustrated a downward trend over the same period. Luxembourg (+62 p.p.) significantly strengthened its position in terms of the total imports, while Belgium and the Netherlands saw its share reduced by -7.4% and -54.1% from 2012 to 2021, respectively.

In value terms, Luxembourg ($X) constitutes the largest market for imported tyre cord fabric of high tenacity yarn in Benelux, comprising 74% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Luxembourg stood at +17.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-11.3% per year) and Belgium (-6.3% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, declining by -27.1% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform