Portugal: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Portugal

The Portuguese tyre cord fabric market skyrocketed to $X in 2021, jumping by 17% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Tyre Cord Fabric Production in Portugal

In value terms, tyre cord fabric production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Tyre Cord Fabric Exports

Exports from Portugal

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 6.5% to X tons. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, tyre cord fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for tyre cord fabric exports from Portugal, accounting for a 44% share of total exports. Moreover, tyre cord fabric exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.9% per year) and Romania (-3.3% per year).

In value terms, the largest markets for tyre cord fabric exported from Portugal were Slovakia ($X), Romania ($X) and Germany ($X), together comprising 68% of total exports. These countries were followed by the Czech Republic, France and the United States, which together accounted for a further 28%.

The United States, with a CAGR of +102.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the export price, however, saw a mild contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($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 France (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Portugal

In 2021, overseas purchases of tyre cord fabric of high tenacity yarn decreased by -30.1% to X tons, falling for the second consecutive year after four years of growth. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 171%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, tyre cord fabric imports contracted notably to $X in 2021. In general, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of 268%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Luxembourg (X tons) and Spain (X tons) were the main suppliers of tyre cord fabric imports to Portugal, with a combined 81% 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 Luxembourg (with a CAGR of +38.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Luxembourg ($X) and Spain ($X) were the largest tyre cord fabric suppliers to Portugal, with a combined 85% share of total imports.

Luxembourg, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, surging by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Italy ($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 Netherlands (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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