Report Update Nov 1, 2024

Chile - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Chile

In 2021, the Chilean tyre cord fabric market increased by 42% to $X, rising for the sixth year in a row after two years of decline. In general, consumption showed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Cord Fabric Exports

Exports from Chile

In 2021, shipments abroad of tyre cord fabric of high tenacity yarn was finally on the rise to reach X tons after two years of decline. In general, exports recorded strong growth. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for tyre cord fabric exports from Chile, accounting for a 77% share of total exports. Moreover, tyre cord fabric exports to Paraguay exceeded the volume sent to the second major destination, Bolivia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+21.7% per year) and Peru (-18.9% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for tyre cord fabric of high tenacity yarn exports from Chile, comprising 78% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+16.6% per year) and Peru (-18.1% per year).

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, jumping by 32% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 481% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Paraguay (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Chile

For the third year in a row, Chile recorded growth in purchases abroad of tyre cord fabric of high tenacity yarn, which increased by 25% to X tons in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, tyre cord fabric imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of tyre cord fabric to Chile, with a 66% share of total imports. Moreover, tyre cord fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and the United States (+5.2% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Chile, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Brazil, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.9% per year) and Brazil (-9.5% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, picking up by 35% against the previous year. Overall, the import price, however, showed a deep setback. The import price 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 origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyre cord fabric of high tenacity yarn in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 31% share of global consumption. Germany, Indonesia, Russia, Thailand, Mexico, Japan, Turkey, Brazil, Canada and South Korea lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of tyre cord fabric of high tenacity yarn in the world?

China remains the largest tyre cord fabric producing country worldwide, comprising approx. 32% of total volume. Moreover, tyre cord fabric production in China exceeded the figures recorded by the second-largest producer, Vietnam, fourfold. Germany ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of tyre cord fabric of high tenacity yarn to Chile?

In value terms, Vietnam constituted the largest supplier of tyre cord fabric to Chile, comprising 72% of total imports. The second position in the ranking was occupied by China, with a 13% share of total imports. It was followed by Brazil, with a 3.8% share.

What are the leading importers of tyre cord fabric of high tenacity yarn from Chile?

In value terms, Bolivia remains the key foreign market for tyre cord fabric exports from Chile, comprising 67% of total exports. The second position in the ranking was occupied by Paraguay, with a 33% share of total exports.

What is the average export price for tyre cord fabric of high tenacity yarn in Chile?

The average tyre cord fabric export price stood at $5,864 per ton in 2021, increasing by 34% against the previous year.

What is the average import price for tyre cord fabric of high tenacity yarn in Chile?

In 2021, the average tyre cord fabric import price amounted to $4,197 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the tyre cord fabric market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023