Germany: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Germany

In 2021, after two years of decline, there was significant growth in the German tyre cord fabric market, when its value increased by 13% to $X. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tyre Cord Fabric Production in Germany

In value terms, tyre cord fabric production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 89%. Tyre cord fabric production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tyre Cord Fabric Exports

Exports from Germany

In 2021, after two years of decline, there was significant growth in overseas shipments of tyre cord fabric of high tenacity yarn, when their volume increased by 33% to X tons. Overall, exports showed temperate growth. The pace of growth was the most pronounced in 2018 with an increase of 151%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tyre cord fabric exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 290%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), France (X tons) and Hungary (X tons) were the main destinations of tyre cord fabric exports from Germany, with a combined 72% share of total exports. These countries were followed by Poland, Spain, Austria, Luxembourg, Italy and the UK, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +16.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Germany, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Hungary, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.4% per year) and Hungary (+9.6% per year).

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 55%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Spain ($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 the Czech Republic (+0.5%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Germany

In 2021, approx. X tons of tyre cord fabric of high tenacity yarn were imported into Germany; picking up by 17% on the previous year's figure. Over the period under review, imports, however, recorded a pronounced contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tyre cord fabric imports surged to $X in 2021. In general, imports, however, saw a noticeable decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Vietnam (X tons) and Portugal (X tons) were the main suppliers of tyre cord fabric imports to Germany, with a combined 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +517.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Germany, comprising 27% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+488.5% per year) and Portugal (-5.2% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The import price 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for China ($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 (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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