Tyre Cord Fabric Market Overview in Hungary
In value terms, tyre cord fabric production skyrocketed to $ in 2019 estimated in export prices. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The size of the tyre cord fabric market in Hungary amounted to $ in 2019, with an increase of % 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). Overall, consumption recorded a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.