Report Update Nov 1, 2024

Peru - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Peru

In 2021, the Peruvian tyre cord fabric market was finally on the rise to reach $X after eight years of decline. Overall, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Peru

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 3,122% to X tons. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric exports surged to $X in 2021. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X tons), the United States (X tons) and Bolivia (X tons) were the main destinations of tyre cord fabric exports from Peru, together comprising 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +126.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Peru, comprising 69% of total exports. The second position in the ranking was held by Panama ($X), with a 24% share of total exports. It was followed by Brazil, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+18.2% per year) and Brazil (-20.5% per year).

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Bolivia (+7.8%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Peru

In 2021, supplies from abroad of tyre cord fabric of high tenacity yarn increased by 461% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, tyre cord fabric imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of tyre cord fabric to Peru, with a 42% share of total imports. Moreover, tyre cord fabric imports from Mexico exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.8% per year) and Brazil (-4.3% per year).

In value terms, Mexico ($X), Brazil ($X) and Vietnam ($X) constituted the largest tyre cord fabric suppliers to Peru, together comprising 75% of total imports. South Korea, the United States, Colombia, Thailand and China lagged somewhat behind, together accounting for a further 16%.

South Korea, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, reducing by -7.1% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 8.4%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyre cord fabric of high tenacity yarn in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 31% share of global consumption. Germany, Indonesia, Russia, Thailand, Mexico, Japan, Turkey, Brazil, Canada and South Korea lagged somewhat behind, together comprising a further 33%.

What are the largest producers of tyre cord fabric of high tenacity yarn in the world?

The country with the largest volume of tyre cord fabric production was China, accounting for 32% of total volume. Moreover, tyre cord fabric production in China exceeded the figures recorded by the second-largest producer, Vietnam, fourfold. The third position in this ranking was occupied by Germany, with a 4.1% share.

What are the leading suppliers of tyre cord fabric of high tenacity yarn to Peru?

In value terms, Mexico constituted the largest supplier of tyre cord fabric to Peru, comprising 56% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports. It was followed by China, with a 14% share.

What are the leading importers of tyre cord fabric of high tenacity yarn from Peru?

In value terms, Colombia remains the key foreign market for tyre cord fabric exports from Peru.

What is the average export price for tyre cord fabric of high tenacity yarn in Peru?

In 2021, the average tyre cord fabric export price amounted to $3,899 per ton, surging by 19% against the previous year.

What is the average import price for tyre cord fabric of high tenacity yarn in Peru?

The average tyre cord fabric import price stood at $4,045 per ton in 2021, with a decrease of -8.6% against the previous year.

This report provides an in-depth analysis of the tyre cord fabric market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023