Eastern Europe: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Eastern Europe

In 2021, the East European tyre cord fabric market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Tyre Cord Fabric Production in Eastern Europe

In value terms, tyre cord fabric production expanded notably to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.8% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 44%. 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 in Eastern Europe

In 2021, after two years of decline, there was significant growth in shipments abroad of tyre cord fabric of high tenacity yarn, when their volume increased by 34% to X tons. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tyre cord fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +2.3% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Poland (X tons), the Czech Republic (X tons) and Belarus (X tons), together recording 83% of total export. It was distantly followed by Russia (X tons) and Hungary (X tons), together comprising a 14% share of total exports. Romania (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +7.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Belarus ($X), with a combined 79% share of total exports. These countries were followed by Hungary, Russia and Romania, which together accounted for a further 21%.

Among the main exporting countries, Russia, with a CAGR of +6.1%, saw 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

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the export price, however, saw a slight setback. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Tyre Cord Fabric Imports

Imports in Eastern Europe

In 2021, supplies from abroad of tyre cord fabric of high tenacity yarn was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, tyre cord fabric imports soared to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of tyre cord fabric imports in 2021 were Russia (X tons), Poland (X tons), Romania (X tons), the Czech Republic (X tons), Hungary (X tons) and Slovakia (X tons), together finishing at 96% of total import. Ukraine (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +5.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Russia ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, with a combined 58% share of total imports. These countries were followed by Hungary, the Czech Republic, Slovakia and Ukraine, which together accounted for a further 41%.

In terms of the main importing countries, Hungary, with a CAGR of +5.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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