Southern Asia: Tyre Cord Fabric Market 2020

Tyre Cord Fabric Market Size in Southern Asia

The revenue of the tyre cord fabric market in Southern Asia amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tyre cord fabric consumption decreased by -X% against 2014 indices. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the tyre cord fabric market attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Exports in Southern Asia

In 2017, tyre cord fabric exports in Southern Asia amounted to X square meters, reducing by -X% against the previous year. The tyre cord fabric exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The volume of exports peaked of X square meters in 2016, and then declined slightly in the following year.

In value terms, tyre cord fabric exports totaled $X in 2017. The tyre cord fabric exports continue to indicate a remarkable growth. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Exports by Country in Southern Asia

The countries with the highest levels of tyre cord fabric exports in 2017 were India (X square meters), together recording X% of total export.

India was also the fastest growing in terms of the tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon exports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, tyre cord fabric exports increased at an average annual rate of +X% over the period from 2007-2017.

Tyre Cord Fabric Export Prices by Country in Southern Asia

In 2017, the tyre cord fabric export price in Southern Asia amounted to $X per thousand square meters, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010, when the export prices increased by X% against the previous year. Over the period under review, the export prices for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon attained its maximum level of $X per thousand square meters in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year).

Tyre Cord Fabric Imports in Southern Asia

In 2017, tyre cord fabric imports in Southern Asia amounted to X square meters, growing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, tyre cord fabric imports totaled $X in 2017. The total imports indicated a temperate growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tyre cord fabric imports decreased by -X% against 2011 indices. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tyre Cord Fabric Imports by Country in Southern Asia

In 2017, India (X square meters) represented the main importer for tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon, committing X% of total imports. Sri Lanka (X square meters) ranks second in terms of the global imports with a X% share, followed by Bangladesh (X%) and Pakistan (X%).

From 2007 to 2017, average annual rates of growth with regard to tyre cord fabric imports into India stood at +X%. At the same time, Bangladesh (+X%), Pakistan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest growing importer in Southern Asia, with a CAGR of +X% from 2007-2017. Pakistan (-X%), Sri Lanka (-X%), Bangladesh (-X%) and India (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon in Southern Asia, making up X% of global imports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of global imports. It was followed by Pakistan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India stood at +X%. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Pakistan (+X% per year).

Tyre Cord Fabric Import Prices by Country in Southern Asia

The tyre cord fabric import price in Southern Asia stood at $X per thousand square meters in 2017, reducing by -X% against the previous year. The tyre cord fabric import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. The level of import price peaked of $X per thousand square meters in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per thousand square meters), while Bangladesh ($X per thousand square meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform