The forecast for Germany indicates a consistent year-on-year decline in the import value of tyre cord fabric of high tenacity manmade yarn from 2024 through 2028, beginning at 113.27 million USD in 2024 and dropping to 84.353 million USD by 2028. The trend shows a Compound Annual Growth Rate (CAGR) of a decreasing nature over this five-year period. Each subsequent year shows a decrease from the previous year, portraying a contraction in demand or a possible shift in sourcing strategies or investment in local production.
Future trends to watch for include:
- Technological advancements that might affect the cost and demand dynamics for high tenacity tyre cord fabric.
- EU regulations or environmental policies impacting import patterns and promoting sustainable practices.
- The potential rise in local production capabilities that could further reduce reliance on imports.
