In 2023, Germany led the global export market for tyre cord fabric of high tenacity viscose rayon yarn, capturing the largest share in US dollars. It was followed by India and Italy, which showed modest positive growth. Luxembourg and Poland experienced declines, while the United States and Japan reflected mixed dynamics, with Japan showing positive and the United States negative growth. Switzerland's export value surprisingly surged, indicating a significant positive anomaly amid general declining trends observed in smaller markets such as Lithuania and the Netherlands over the past year. Notably, exports from Portugal, Sweden, and Canada sharply decreased.
Future trends suggest increasing competition among leading countries, primarily driven by Germany and India. Innovations in tyre cord manufacturing and shifts towards sustainable materials could alter competitive dynamics. Monitoring technological advancements, changes in trade policies, and regional economic developments will be crucial, as these factors are expected to shape market trajectories in the upcoming years.
Top countries in Export of Tyre Cord Fabric of High Tenacity Viscose Rayon Yarn Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.74 | 2023 | +2.84% | +2.68% | View data |
| 2 | 2 India | 16.4 | 2023 | +3.52% | +4.02% | View data |
| 3 | 3 Italy | 14.74 | 2023 | +1.6% | +1.67% | View data |
| 4 | 4 Luxembourg | 11.92 | 2023 | -8.94% | -7.12% | View data |
| 5 | 5 Poland | 11.52 | 2023 | +1.65% | -3.36% | View data |
| 6 | 6 Czech Republic | 5.12 | 2023 | +3.13% | -2.99% | View data |
| 7 | 7 Japan | 3.68 | 2023 | +2.88% | +3.72% | View data |
| 8 | 8 United States | 1.01 | 2023 | -5.45% | -5.61% | View data |
| 9 | 9 Thailand | 0.93 | 2023 | +5.67% | -0.24% | View data |
| 10 | 10 Belgium | 0.88 | 2023 | +4.85% | +4.22% | View data |
