MERCOSUR: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in MERCOSUR

In 2021, after three years of decline, there was significant growth in the MERCOSUR tyre cord fabric market, when its value increased by 25% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Tyre Cord Fabric Production in MERCOSUR

In value terms, tyre cord fabric production expanded notably to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 -11.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 65%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tyre Cord Fabric Exports

Exports in MERCOSUR

In 2021, overseas shipments of tyre cord fabric of high tenacity yarn were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt curtailment. The volume of export 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. Overall, exports, however, continue to indicate a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia represented the main exporting country with an export of about X tons, which accounted for 83% of total exports. It was distantly followed by Brazil (X tons), constituting a 15% share of total exports.

Colombia was also the fastest-growing in terms of the tyre cord fabric of high tenacity yarn exports, with a CAGR of +3.5% from 2012 to 2021. Brazil (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +51 percentage points.

In value terms, Colombia ($X) remains the largest tyre cord fabric supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports.

In Colombia, tyre cord fabric exports expanded at an average annual rate of +1.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.5%).

Tyre Cord Fabric Imports

Imports in MERCOSUR

In 2021, supplies from abroad of tyre cord fabric of high tenacity yarn increased by 70% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil was the major importing country with an import of about X tons, which resulted at 61% of total imports. Chile (X tons) ranks second in terms of the total imports with a 19% share, followed by Argentina (13%). Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tyre cord fabric imports into Brazil stood at +7.8%. At the same time, Chile (+12.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +12.8% from 2012-2021. By contrast, Ecuador (-6.0%), Peru (-7.2%) and Argentina (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Chile increased by +27 and +12 percentage points, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported tyre cord fabric of high tenacity yarn in MERCOSUR, comprising 71% of total imports. The second position in the ranking was taken by Chile ($X), with a 12% share of total imports. It was followed by Argentina, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +9.0%. In the other countries, the average annual rates were as follows: Chile (+6.1% per year) and Argentina (-9.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 40% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform