In 2023, China's import of tyre cord fabric of high tenacity nylon or other polyamides yarn was valued at approximately 64.1 million US dollars. Forecasts indicate a steady growth in this market, with an anticipated increase to 68.679 million US dollars by 2028. This consistent upward trend reflects a CAGR of around 1.6% over the forecast period.
Future trends to watch for include:
- Technological advancements in tyre cord fabrics enhancing their durability and performance.
- China's automotive market growth influencing the demand for high-quality tyre materials.
- Shifts in global trade policies that could impact import costs and supply chains.