Luxembourg: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Luxembourg

In 2021, the Luxembourg tyre cord fabric market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Cord Fabric Production in Luxembourg

In value terms, tyre cord fabric production surged to $X in 2021 estimated in export price. Overall, production, however, showed a deep contraction. Tyre cord fabric production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Luxembourg

In 2021, tyre cord fabric exports from Luxembourg surged to X tons, jumping by 19% against 2020 figures. In general, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 24% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tyre cord fabric exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for tyre cord fabric exports from Luxembourg, accounting for a 53% share of total exports. Moreover, tyre cord fabric exports to Germany exceeded the volume sent to the second major destination, France (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.1% per year) and Poland (+0.2% per year).

In value terms, Germany ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Luxembourg, comprising 51% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by Poland, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.9% per year) and Poland (-1.3% per year).

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, surging by 3.9% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 4.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Hungary ($X per ton), while the average price for exports to Spain ($X per ton) and Poland ($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 Hungary (+0.8%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Luxembourg

In 2021, imports of tyre cord fabric of high tenacity yarn into Luxembourg skyrocketed to X tons, increasing by 88% against the previous year. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2013 when imports increased by 392%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tyre cord fabric imports skyrocketed to $X in 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 296%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of tyre cord fabric to Luxembourg, with a 81% share of total imports. Moreover, tyre cord fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+94.9% per year) and the Czech Republic (+3.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+108.9% per year) and the Czech Republic (+2.7% per year).

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, dropping by -25.3% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 8.3%. Over the period under review, average import prices attained the peak figure 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 Turkey ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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