Tyre Cord Fabric Market Overview in Estonia
In value terms, tyre cord fabric production reduced to $ in estimated in export prices. Over the period under review, production recorded a perceptible decline. The pace of growth was the most pronounced in 2012 when the production volume increased by % y-o-y. Over the period under review, production attained the maximum level at $ in 2016; however, from 2017 to , production failed to regain the momentum.
The size of the tyre cord fabric market in Estonia rose sharply to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a pronounced curtailment. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.