In 2023, the import of tyre cord fabric of high tenacity viscose rayon yarn to the US was valued at approximately 11.4 million USD. Between 2024 and 2028, the projected growth shows a consistent increase year-over-year. From 2024 to 2025, we expect a growth rate of about 3.5%, from 2025 to 2026 around 3.3%, and from 2026 to 2027 an increase of about 3.1%. The growth from 2027 to 2028 is expected to be around 2.9%. The compound annual growth rate (CAGR) over this period is expected to deepen a positive trend of around 3.2%.
Future trends to watch for:
- Fluctuations in global viscose rayon supply and pricing could impact import values.
- Changes in US trade policies may affect import dynamics.
- Innovations in tyre manufacturing could shift material demand.