Report Update: May 1, 2024

U.S. - Tyre Cord Fabric Of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Tyre Cord Fabric Price in the United States - 2023

Tyre Cord Fabric Price in the United States (CIF) - 2023

The average tyre cord fabric import price stood at $3,530 per ton in August 2023, reducing by -2.7% against the previous month. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in December 2022 an increase of 7% against the previous month. Over the period under review, average import prices reached the maximum at $5,105 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($16,991 per ton), while the price for Vietnam ($2,826 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Tyre Cord Fabric Price in the United States (FOB) - 2023

In August 2023, the average tyre cord fabric export price amounted to $5,801 per ton, with a decrease of -11.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 23% month-to-month. As a result, the export price reached the peak level of $7,524 per ton. From January 2023 to August 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($7,222 per ton), while the average price for exports to India ($1,463 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports in the United States

Tyre cord fabric imports into the United States fell to 100K tons in 2022, which is down by -5.8% on the previous year. Over the period under review, imports recorded a slight slump. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports attained the peak of 106K tons, and then declined in the following year.

In value terms, tyre cord fabric imports skyrocketed to $456M in 2022. In general, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Tyre Cord Fabric in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	205	83.6	190	244	6.0%
South Korea	84.5	63.4	70.0	68.1	-6.9%
Mexico	25.2	20.1	22.4	27.1	2.5%
China	17.5	10.1	18.8	22.4	8.6%
Colombia	14.9	14.4	18.7	18.4	7.3%
Indonesia	5.4	4.3	6.3	15.4	41.8%
Taiwan (Chinese)	12.2	11.5	11.0	14.8	6.7%
Others	31.7	26.1	31.9	46.4	13.5%
Total	396	233	369	456	4.8%

Top Suppliers of Tyre Cord Fabric to the United States in 2022:

Vietnam (58.9K tons)
South Korea (14.3K tons)
Mexico (7.6K tons)
China (5.1K tons)
Colombia (3.8K tons)
Indonesia (3.6K tons)
Taiwan (Chinese) (1.9K tons)

Tyre Cord Fabric Exports in the United States

In 2022, the amount of tyre cord fabric of high tenacity yarn exported from the United States fell rapidly to 16K tons, with a decrease of -18.7% on the previous year. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 19K tons, and then reduced rapidly in the following year.

In value terms, tyre cord fabric exports rose slightly to $100M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Tyre Cord Fabric in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	33.4	31.2	43.3	44.8	10.3%
Mexico	26.6	21.1	31.1	30.1	4.2%
Brazil	1.8	2.0	5.5	9.6	74.7%
Ecuador	3.7	2.5	2.8	3.1	-5.7%
India	1.5	1.2	1.6	1.2	-7.2%
Bangladesh	1.5	1.7	1.0	0.7	-22.4%
Chile	3.4	0.5	1.0	0.7	-41.0%
Spain	0.4	0.2	0.4	0.5	7.7%
Others	10.4	8.8	9.7	9.5	-3.0%
Total	82.6	69.3	96.3	100	6.6%

Top Export Markets for Tyre Cord Fabric from the United States in 2022:

Canada (7.2K tons)
Mexico (4.1K tons)
Brazil (1.3K tons)
Spain (0.5K tons)
Bangladesh (0.4K tons)
India (0.4K tons)
Ecuador (0.4K tons)
Chile (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tyre cord fabric market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023