Saudi Arabia: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Saudi Arabia

In 2021, the Saudi tyre cord fabric market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw strong growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tyre Cord Fabric Production in Saudi Arabia

In value terms, tyre cord fabric production surged to $X in 2021 estimated in export price. Overall, production saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 98% against the previous year. Tyre cord fabric production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Saudi Arabia

In 2021, approx. X tons of tyre cord fabric of high tenacity yarn were exported from Saudi Arabia; picking up by 23% on the previous year. In general, exports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of 1,574% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, tyre cord fabric exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 1,026% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for tyre cord fabric exports from Saudi Arabia, with a 49% share of total exports. Moreover, tyre cord fabric exports to Pakistan exceeded the volume sent to the second major destination, Yemen (X tons), threefold. Somalia (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan stood at +280.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+1.4% per year) and Somalia (+2.6% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for tyre cord fabric of high tenacity yarn exports from Saudi Arabia, comprising 42% of total exports. The second position in the ranking was taken by Yemen ($X), with an 18% share of total exports. It was followed by Somalia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-6.8% per year) and Somalia (-19.4% per year).

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, with an increase of 3.2% against the previous year. Overall, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2017 an increase of 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Slovakia ($X per ton), while the average price for exports to Pakistan ($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 Egypt (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Saudi Arabia

In 2014, approx. X tons of tyre cord fabric of high tenacity yarn were imported into Saudi Arabia; surging by 36% against the year before. Overall, imports, however, continue to indicate a pronounced curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

In value terms, tyre cord fabric imports expanded slightly to $X in 2014. In general, imports, however, saw a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of tyre cord fabric imports to Saudi Arabia, together accounting for 93% of total imports.

From 2012 to 2014, the biggest increases were recorded for Turkey (with a CAGR of +48.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest tyre cord fabric suppliers to Saudi Arabia were Turkey ($X), Indonesia ($X) and China ($X), together comprising 96% of total imports.

Turkey, with a CAGR of +48.3%, recorded 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 a decline.

Import Prices by Country

In 2014, the average tyre cord fabric import price amounted to $X per ton, which is down by -23.7% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 8.7%. As a result, import price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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