The largest share of European imports of wire rod for tyre cord in 2023 was held by France with 27.46%, followed by Romania with 23.24%, and Hungary with 12.67%. Smaller but significant players include Slovenia and Czechia. Between 2022 and 2023, notable increases were seen in Germany (121.58%) and Belgium (9.25%), while countries like Spain, Italy, and Croatia experienced significant declines. Over the last five years, the compound annual growth rate reflects a mixed trend with countries like Slovakia indicating positive growth, while others have faced contractions.
Future trends worth noting for European wire rod importation include:
- A potential stabilization of the market post-pandemic disruptions.
- Continued growth in Eastern European countries possibly influenced by favorable regional trading conditions and lower costs.
- The impact of technological advancements and environmental regulations on industry practices and import volumes.
- Monitoring geopolitical tensions that may affect supply chains and import dynamics.
Top countries in Import of Wire Rod for Tyre Cord Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 27.46 | 2023 | -7.16% | -3.43% | View data |
| 2 | 2 Romania | 23.24 | 2023 | +5.24% | +4.09% | View data |
| 3 | 3 Hungary | 12.67 | 2023 | +3.82% | +4.35% | View data |
| 4 | 4 Slovenia | 11.68 | 2023 | +6.16% | +5.81% | View data |
| 5 | 5 Czechia | 9.96 | 2023 | |||
| 6 | 6 Slovakia | 4.93 | 2023 | +4.45% | +8.12% | View data |
| 7 | 7 Belgium | 4.72 | 2023 | +6.68% | +9.25% | View data |
| 8 | 8 Netherlands | 0.88 | 2023 | +4.31% | View data | |
| 9 | 9 Spain | 0.67 | 2023 | -44.5% | -27.98% | View data |
| 10 | 10 Italy | 0.65 | 2023 | -66.84% | -44.64% | View data |
