Netherlands: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in the Netherlands

In 2021, after two years of growth, there was significant decline in the Dutch tyre cord fabric market, when its value decreased by -6.9% to $X. In general, consumption, however, saw a buoyant expansion. Tyre cord fabric consumption peaked at $X in 2020, and then declined in the following year.

Tyre Cord Fabric Production in the Netherlands

In value terms, tyre cord fabric production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 172%. Tyre cord fabric production peaked at $X in 2020, and then shrank in the following year.

Tyre Cord Fabric Exports

Exports from the Netherlands

In 2021, tyre cord fabric exports from the Netherlands soared to X tons, jumping by 61% compared with 2020 figures. Over the period under review, exports saw a measured increase. The pace of growth appeared the most rapid in 2020 when exports increased by 875% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, tyre cord fabric exports soared to $X in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,075%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Luxembourg (X tons) was the main destination for tyre cord fabric exports from the Netherlands, with a 83% share of total exports. Moreover, tyre cord fabric exports to Luxembourg exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was held by France (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Luxembourg totaled +215.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.2% per year) and France (-16.4% per year).

In value terms, Luxembourg ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from the Netherlands, comprising 70% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by France, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Luxembourg stood at +227.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.4% per year) and France (-8.2% per year).

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, picking up by 7.9% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to the United States ($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 Vietnam (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into the Netherlands

In 2021, tyre cord fabric imports into the Netherlands surged to X tons, jumping by 80% on 2020. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tyre cord fabric imports surged to $X in 2021. Over the period under review, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of tyre cord fabric to the Netherlands, with a 70% share of total imports. Moreover, tyre cord fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +17,825.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.4% per year) and India (-2.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to the Netherlands, comprising 55% of total imports. The second position in the ranking was taken by Turkey ($X), with a 23% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +13,587.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.7% per year) and India (+1.9% per year).

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2021, falling by -31.1% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 52%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :