South-Eastern Asia: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in South-Eastern Asia

The Southeast Asian tyre cord fabric market amounted to $X in 2021, growing by 12% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 increased by +88.4% against 2012 indices. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Tyre Cord Fabric Production in South-Eastern Asia

In value terms, tyre cord fabric production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 18%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Tyre Cord Fabric Exports

Exports in South-Eastern Asia

In 2021, the amount of tyre cord fabric of high tenacity yarn exported in South-Eastern Asia skyrocketed to X tons, with an increase of 76% compared with the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam dominates exports structure, amounting to X tons, which was near 86% of total exports in 2021. Indonesia (X tons) ranks second in terms of the total exports with a 9.1% share, followed by Thailand (4.9%).

Vietnam was also the fastest-growing in terms of the tyre cord fabric of high tenacity yarn exports, with a CAGR of +10.6% from 2012 to 2021. At the same time, Indonesia (+3.6%) displayed positive paces of growth. By contrast, Thailand (-1.0%) illustrated a downward trend over the same period. Vietnam (+12 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -5% and -6.6% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest tyre cord fabric supplier in South-Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam totaled +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+1.1% per year) and Thailand (-0.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 10%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.7%), while the other leaders experienced a decline in the export price figures.

Tyre Cord Fabric Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of tyre cord fabric of high tenacity yarn was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre cord fabric imports soared to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) was the largest importer of tyre cord fabric of high tenacity yarn, creating 55% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together took approx. 45% share of total imports.

Imports into Thailand increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, the Philippines (+19.6%), Indonesia (+3.6%) and Malaysia (+2.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +19.6% from 2012-2021. Vietnam experienced a relatively flat trend pattern. The Philippines (+3.8 p.p.) and Thailand (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Vietnam saw its share reduced by -2.5% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 91% of total imports. These countries were followed by Malaysia and the Philippines, which together accounted for a further 8.4%.

Among the main importing countries, the Philippines, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 33% against the previous year. In general, the import price, however, recorded a slight reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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