Tyre Cord Fabric Market Overview in Spain
In value terms, tyre cord fabric production fell to $ in estimated in export prices. Over the period under review, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of % year-to-year. Tyre cord fabric production peaked at $ in 2009; however, from 2010 to , production failed to regain the momentum.
The revenue of the tyre cord fabric market in Spain was estimated at $ in , picking up 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). Overall, consumption, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Tyre cord fabric consumption peaked at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.