Colombia: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Colombia

The Colombian tyre cord fabric market totaled $X in 2021, flattening at the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -15.2% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Tyre Cord Fabric Production in Colombia

In value terms, tyre cord fabric production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Colombia

In 2021, approx. X tons of tyre cord fabric of high tenacity yarn were exported from Colombia; jumping by 21% on the year before. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tyre cord fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Brazil (X tons) and Mexico (X tons) were the main destinations of tyre cord fabric exports from Colombia, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +47.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Mexico ($X) appeared to be the largest markets for tyre cord fabric exported from Colombia worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the export price, however, saw a pronounced descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and the United States ($X per ton), while the average price for exports to Peru ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Colombia

In 2021, purchases abroad of tyre cord fabric of high tenacity yarn decreased by -74.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 399% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tyre cord fabric imports shrank significantly to $X in 2021. In general, imports faced a dramatic contraction. The pace of growth was the most pronounced in 2016 with an increase of 188%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) was the main tyre cord fabric supplier to Colombia, accounting for a 98% share of total imports. It was followed by Argentina (X kg), with a 0.6% share of total imports. The third position in this ranking was taken by Thailand (X kg), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-49.5% per year) and Thailand (-64.8% per year).

In value terms, South Korea ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Colombia, comprising 83% of total imports. The second position in the ranking was taken by Argentina ($X), with a 9.9% share of total imports. It was followed by the United States, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-38.9% per year) and the United States (-64.3% per year).

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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