The forecast import of tyre cord fabric of high tenacity polyester yarn to the US shows a steady year-on-year increase from 289.22 million USD in 2024 to 321.42 million USD in 2028. This marks a consistent growth pattern, with annual increments reaching approximately 2.75% to 2.95% each year.
In 2023, the estimated import stood at a baseline significantly lower than the projected 2024 value, indicating a robust upward trend. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to reflect a healthy increase, suggesting sustained demand and possibly expanding market applications for this material.
Future trends to watch for include potential shifts in US automotive manufacturing practices, advancements in tyre technology and materials, and any trade policy changes that could impact import tariffs or global supply dynamics.
