EU: Tyre Cord Wire Rod Market 2020

Tyre Cord Wire Rod Market Size in the EU

The revenue of the tyre cord wire rod market in the European Union amounted to $X in 2017, increasing by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017, when market value increased by X% against the previous year. Over the period under review, the tyre cord wire rod market reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Wire Rod Production in the EU

In 2017, the amount of wire rod for tyre cord produced in the European Union amounted to X tons, standing approx. at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008, when the output figure increased by X% year-to-year. The volume of tyre cord wire rod production peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Tyre Cord Wire Rod Exports in the EU

In 2017, approx. X tons of wire rod for tyre cord were exported in the European Union; approximately reflecting the previous year. The tyre cord wire rod exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the tyre cord wire rod exports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, tyre cord wire rod exports stood at $X in 2017. The tyre cord wire rod exports continue to indicate a pronounced descent. In that year, the tyre cord wire rod exports attained their peak level of $X. From 2009 to 2017, growth of the tyre cord wire rod exports stood at a somewhat lower level.

Tyre Cord Wire Rod Exports by Country in the EU

In 2017, Germany (X tons), distantly followed by Spain (X tons), the Czech Republic (X tons), the UK (X tons), France (X tons), Italy (X tons), Poland (X tons), Belgium (X tons) and Portugal (X tons) represented the largest exporters of wire rod for tyre cord, together mixed up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports. The UK, France, Italy, Poland, Belgium and Portugal lagged somewhat behind, together comprising a further X%.

Poland (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Tyre Cord Wire Rod Export Prices by Country in the EU

In 2017, the tyre cord wire rod export price in the European Union amounted to $X per ton, rising by X% against the previous year. The tyre cord wire rod export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. In that year, the export prices for wire rod for tyre cord attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for wire rod for tyre cord stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in the UK ($X per ton) and Germany ($X per ton), while France ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Germany (-X% per year), while the other leaders experienced a decline in the export price figures.

Tyre Cord Wire Rod Imports in the EU

In 2017, approx. X tons of wire rod for tyre cord were imported in the European Union; rising by X% against the previous year. The tyre cord wire rod imports continue to indicate a temperate drop. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, tyre cord wire rod imports amounted to $X in 2017. The tyre cord wire rod imports continue to indicate a perceptible shrinkage. The level of imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Tyre Cord Wire Rod Imports by Country in the EU

Germany (X tons), the Netherlands (X tons), Italy (X tons), France (X tons), Belgium (X tons), Poland (X tons), Romania (X tons), Slovakia (X tons), the Czech Republic (X tons), Spain (X tons), Sweden (X tons) and Austria (X tons) represented roughly X% of total imports of wire rod for tyre cord in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord wire rod markets worldwide were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by France, Belgium, Slovakia, Poland, Romania, the Czech Republic, Spain, Sweden and Austria, which together accounted for a further X%.

In terms of the main importing countries , Slovakia (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced mixed trends in the imports figures.

Tyre Cord Wire Rod Import Prices by Country in the EU

In 2017, the tyre cord wire rod import price in the European Union amounted to $X per ton, picking up by X% against the previous year. The tyre cord wire rod import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2011, an increase of X% y-o-y. In that year, the import prices for wire rod for tyre cord reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for wire rod for tyre cord failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Netherlands ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Netherlands (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform