Spain: Tyre Cord Fabric Market 2025

Tyre Cord Fabric Market Size in Spain

The Spanish tyre cord fabric market surged to $X in 2021, with an increase of 26% against the previous year. Over the period under review, consumption showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Tyre Cord Fabric Production in Spain

In value terms, tyre cord fabric production surged to $X in 2021 estimated in export price. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 41%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Tyre Cord Fabric Exports

Exports from Spain

In 2021, approx. X tons of tyre cord fabric of high tenacity yarn were exported from Spain; increasing by 24% on 2020. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, tyre cord fabric exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for tyre cord fabric exports from Spain, accounting for a 66% share of total exports. Moreover, tyre cord fabric exports to France exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Bangladesh (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-6.9% per year) and Bangladesh (-6.6% per year).

In value terms, France ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Spain, comprising 67% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Italy, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-11.2% per year) and Italy (-13.5% per year).

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, increasing by 2.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 20%. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Bangladesh ($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 India (+3.8%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Spain

In 2021, supplies from abroad of tyre cord fabric of high tenacity yarn increased by 11% to X tons for the first time since 2014, thus ending a six-year declining trend. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tyre cord fabric imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Hungary (X tons) and Poland (X tons) were the main suppliers of tyre cord fabric imports to Spain, together accounting for 51% of total imports. South Korea, Turkey, Germany, China, Luxembourg, Vietnam and Italy lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +144.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and France ($X) constituted the largest tyre cord fabric suppliers to Spain, with a combined 56% share of total imports. These countries were followed by South Korea, Germany, Luxembourg, Turkey, China, Vietnam and Italy, which together accounted for a further 42%.

Vietnam, with a CAGR of +132.3%, 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, growing by 10% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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