Southern Asia: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Southern Asia

In 2021, after two years of decline, there was significant growth in the South Asian tyre cord fabric market, when its value increased by 46% to $X. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Cord Fabric Production in Southern Asia

In value terms, tyre cord fabric production contracted to $X in 2021 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 42%. The level of production peaked at $X in 2020, and then declined in the following year.

Tyre Cord Fabric Exports

Exports in Southern Asia

After four years of decline, overseas shipments of tyre cord fabric of high tenacity yarn increased by 23% to X tons in 2021. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 61% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, India (X tons) was the major exporter of tyre cord fabric of high tenacity yarn in Southern Asia, generating 99% of total export.

India was also the fastest-growing in terms of the tyre cord fabric of high tenacity yarn exports, with a CAGR of +4.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tyre cord fabric supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +5.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.4%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.9% per year.

Tyre Cord Fabric Imports

Imports in Southern Asia

In 2021, overseas purchases 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. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. 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.

In value terms, tyre cord fabric imports surged to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% 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

India was the key importer of tyre cord fabric of high tenacity yarn in Southern Asia, with the volume of imports finishing at X tons, which was near 65% of total imports in 2021. Bangladesh (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (12%) and Pakistan (10%).

From 2012 to 2021, average annual rates of growth with regard to tyre cord fabric imports into India stood at +3.4%. At the same time, Pakistan (+14.8%), Bangladesh (+9.7%) and Sri Lanka (+8.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +14.8% from 2012-2021. Pakistan (+5.4 p.p.), Bangladesh (+4.2 p.p.) and Sri Lanka (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -11.6% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported tyre cord fabric of high tenacity yarn in Southern Asia, comprising 74% of total imports. The second position in the ranking was held by Pakistan ($X), with a 9.2% share of total imports. It was followed by Sri Lanka, with a 9.2% share.

In India, tyre cord fabric imports expanded at an average annual rate of +1.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+13.2% per year) and Sri Lanka (+7.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 23% against the previous year. In general, the import price, however, showed a pronounced slump. 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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