U.S.: Market for Rope, Cordage, Twine, Tire Cord, And Tire Fabric 2024

Market Size for Rope, Cordage, Twine, Tire Cord, And Tire Fabric in the U.S.

In 2023, after two years of growth, there was significant decline in the U.S. market for rope, cordage, twine, tire cord, and tire fabric, when its value decreased by X% to $X. Over the period under review, consumption recorded a slight reduction. Over the period under review, the market attained the maximum level at $X in 2022, and then fell notably in the following year.

Production of Rope, Cordage, Twine, Tire Cord, And Tire Fabric in the U.S.

In value terms, rope, cordage and tire fabric production totaled $X in 2023. In general, production, however, showed a perceptible reduction. Rope, cordage and tire fabric production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Rope, Cordage, Twine, Tire Cord, And Tire Fabric

Exports from the U.S.

In 2023, exports of rope, cordage, twine, tire cord, and tire fabric from the United States shrank to X tons, declining by X% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, rope, cordage and tire fabric exports shrank to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Mexico (X tons), Canada (X tons) and Panama (X tons) were the main destinations of rope, cordage and tire fabric exports from the United States, together comprising X% of total exports.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) appeared to be the largest markets for rope, cordage and tire fabric exported from the United States worldwide, together accounting for X% of total exports. Costa Rica, Brazil, Switzerland, Panama, India, Ecuador, Bangladesh and Vietnam lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for rope, cordage, twine, tire cord, and tire fabric amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rope, Cordage, Twine, Tire Cord, And Tire Fabric

Imports into the U.S.

After two years of growth, purchases abroad of rope, cordage, twine, tire cord, and tire fabric decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2022, and then reduced notably in the following year.

In value terms, rope, cordage and tire fabric imports reduced markedly to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell significantly in the following year.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest supplier of rope, cordage and tire fabric to the United States, with a X% share of total imports. Moreover, rope, cordage and tire fabric imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2023, the average annual growth rate of volume from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, Vietnam ($X), China ($X) and South Korea ($X) appeared to be the largest rope, cordage and tire fabric suppliers to the United States, together accounting for X% of total imports. Mexico, Thailand, Indonesia, Romania, India, Turkey, Portugal, Canada, Taiwan (Chinese) and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for rope, cordage, twine, tire cord, and tire fabric amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform