Czech Republic: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in the Czech Republic

For the third year in a row, the Czech tyre cord fabric market recorded growth in sales value, which increased by 9.7% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Tyre Cord Fabric Production in the Czech Republic

In value terms, tyre cord fabric production stood at $X in 2021 estimated in export price. Over the period under review, production saw a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 97% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Tyre Cord Fabric Exports

Exports from the Czech Republic

Tyre cord fabric exports from the Czech Republic soared to X tons in 2021, with an increase of 27% on the previous year. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 31% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, tyre cord fabric exports soared to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Germany (X tons) and Russia (X tons) were the main destinations of tyre cord fabric exports from the Czech Republic, together comprising 47% of total exports. Finland, Poland, Italy, Serbia, Luxembourg, Romania, the United States and Ecuador lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +458.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tyre cord fabric exported from the Czech Republic were Russia ($X), Germany ($X) and Slovakia ($X), with a combined 43% share of total exports. Finland, Poland, Italy, Luxembourg, Serbia, the United States, Romania and Ecuador lagged somewhat behind, together comprising a further 50%.

In terms of the main countries of destination, Ecuador, with a CAGR of +512.5%, recorded the highest growth rate of 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, increasing by 4.9% against the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Ecuador ($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 Ecuador (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Tyre Cord Fabric Imports

Imports into the Czech Republic

In 2021, overseas purchases of tyre cord fabric of high tenacity yarn increased by 26% to X tons, rising for the fifth year in a row after four years of decline. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports soared to $X in 2021. In general, imports, however, recorded a slight downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Luxembourg (X tons), South Korea (X tons) and China (X tons) were the main suppliers of tyre cord fabric imports to the Czech Republic, together accounting for 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +205.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to the Czech Republic, comprising 34% of total imports. The second position in the ranking was taken by Portugal ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Luxembourg stood at +68.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-0.2% per year) and China (-6.0% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2017 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Slovakia ($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 (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :