The import value of tyre cord fabric of high tenacity manmade yarn to the US is predicted to grow steadily from 2024 to 2028, starting at $443.82 million and reaching $489.17 million. The year-on-year growth rates are approximately 2.63% in 2025, 2.51% in 2026, 2.39% in 2027, and 2.30% in 2028. The compound annual growth rate (CAGR) over this five-year period is about 2.46%. Conversely, data from 2023 indicates a lower base, emphasizing a consistent and healthy import growth trajectory in the upcoming years.
Future trends worth watching include:
- Fluctuations in raw material costs, which may influence pricing and demand.
- Technological advancements in manufacturing that could affect supply and logistics.
- Shifts in automotive industry demands and tire manufacturing technologies impacting import volumes.
- Trade policies and regulations that might alter import dynamics.