Nylon Tire Yarn Prices December 2023
Product
|
Category |
Region |
Price |
Nylon Tire Yarn |
Elastomer |
USA |
3795 USD/MT |
Nylon Tire Yarn |
Elastomer |
Asia |
2550 USD/MT |
Nylon Tire Yarn |
Elastomer |
Europe |
3650 USD/MT |
The nylon tire yarn (NTYS) prices in the USA for Q4 2023 reached 3795 USD/MT in December. The market underwent a bullish start, with a strong need from the automotive sector supporting prices in October. However, the market saw a downturn towards the end of the quarter owing to increased inventories and declining demand in the replacement tire sector. Rising crude oil and energy rates also impacted production, while global oversupply pressured market dynamics.
The price trend for NTY in Asia for Q4 2023, reached 2550 USD/MT in December. The market saw robust demand in October, driven by the automotive sector, especially in India. Although processing margins improved, rising inventories and a slowdown in replacement tire markets led to bearish trends in November and December. Despite stable consumer sentiment, global oversupply, particularly from China, continued to affect pricing toward the quarter’s end.
The price trend for NTY in Europe for Q4 2023, reached 3650 USD/MT in December. The quarter began on a bullish note, supported by steady demand from transport and automotive sectors. However, in the initial of the quarter, the market saw bearish trends, with mounting inventories and lower-than-anticipated festive demand. Soaring energy costs and global oversupply, especially from China, further weighed on the market, leaving prices subdued by year-end.
Nylon Tire Yarn Price Trend, Market Analysis, and News
IMARC's latest publication, “Nylon Tire Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the nylon tire yarn market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of nylon tire yarn at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed nylon tire yarn price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting nylon tire yarn pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
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Nylon Tire Yarn Market Analysis
The global nylon tire yarn market is expected to project a CAGR of 4.50% during 2023-2032.
- The expanding automotive industry especially in emerging markets is increasing the demand for nylon tire yarn. Nylon is extensively used in the manufacture of tire cords, which are crucial components that help maintain the tire’s shape and enhance its durability. The ongoing rise in vehicle production, coupled with an increasing consumer preference for high-performance vehicles is driving the demand for durable and reliable tire components, such as nylon tire yarn. According to OICA, the United States produced 1,74,5171 million passenger cars and 8 866 384 million commercial vehicles in 2023.
- There is a growing consumer and regulatory emphasis on vehicle safety, fuel efficiency, and performance standards, which encourages the development of high-performance tires. The United States Tire Manufacturers Association successfully advocated for safety-enhancing and pro-competitive provisions to the 2015 federal highway bill known as the Fixing America’s Surface Transportation (FAST) Act. By raising the bar for tire performance, these provisions help to ensure ever-increasing value for consumers and advance U.S. tire manufacturers’ competitiveness. The provisions will align U.S. tire performance standards with other nations by establishing minimum standards for tire fuel efficiency and wet traction. Nylon tire yarn is prized for its high tenacity, excellent abrasion resistance, and fatigue resistance, making it suitable for use in tires. As manufacturers are focusing on producing tires that offer better speed and load capabilities, the demand for high-quality nylon yarn is rising. Besides, the expanding tire market which is expected to reach US$ 256.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032 as stated by IMARC GROUP is also propelling the demand for nylon tire yarn.
- Besides, the expansion of the logistics sector, especially post-pandemic recovery which reached US$ 5.4 Trillion in 2023 as stated by IMARC GROUP, and is expected to reach US$ 7.9 Trillion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032 is escalating the demand for commercial and heavy-duty vehicles. These vehicles require robust tire solutions that can handle heavier loads and longer distances. Nylon tire yarn, known for its strength and endurance, is ideally suited for such applications, driving its market growth further.
Nylon Tire Yarn News
The report covers the latest developments, updates, and trends impacting the price of nylon tire yarn, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nylon tire yarn price trend.
Latest developments in the nylon tire yarn industry:
- In September 2021, India-based Century Enka invested INR 300 Crores for strengthening its position in the tire reinforcement market, through the reconstruction of plants and enhancing capacity by 30%. This will help the company in increasing its customer base.
Product Description
Nylon tire yarn is a specialized type of synthetic fiber used predominantly in the manufacturing of tire reinforcement materials. It is derived from nylon known as polyamides, which are produced through a chemical process involving the polymerization of caprolactam. In tire production, nylon tire yarn is primarily used in the construction of tire cords, which are the reinforcing structures in the tire. Tire cords are embedded in the rubber to form the carcass of the tire which provides it with structural integrity and helping to distribute forces evenly across the tire. This reinforcement is essential for the tire’s ability to bear weight, resist impacts, and maintain traction and stability on the road.
Regional Coverage
The report provides a detailed analysis of the NTY market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the NTY price trend.
Global Nylon Tire Yarn Price
The report offers a holistic view of the global NTY pricing trends in the form of NTY price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into NTY historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into NTY price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed NTY demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Nylon Tire Yarn Price
The European NTY market in Q4 FY23 demonstrated varied trends. Initially, the market stayed bullish, supported by the logistics and transport sectors, along with constant need from the automotive sector. Manufacturers saw improved margins due to weak Caprolactam prices, even with moderate sales. However, the quarter shifted to bearish territory in November and December as demand slowed and inventories swelled. Higher crude oil and energy rates further dampened the market, and consumer outlook remained subdued amid rising interest rates. The festive season brought less demand than anticipated, with high fuel costs and seasonal factors weighing heavily on replacement tire markets. Meanwhile, the Chinese surplus continued to pressure the market globally.
This analysis can be extended to include detailed NTY price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Nylon Tire Yarn Price
In Q4 of FY23, the North American market displayed mixed performance. October saw bullish trends due to constant demand from the automotive sector, particularly in logistics and transport. Despite moderate sales, manufacturers reported better processing margins because the price of feedstock materials like Caprolactam remained weak. However, quarter-end brought a shift, with falling demand, rising inventories, and bearish trends. Replacement tire markets saw a drop and higher crude oil and energy costs further impacted production. Consumer sentiment remained cautiously optimistic, but orders slowed due to the winter slump and a declining manufacturing index. Inquiries also revealed a global oversupply, especially from China, affecting price trends by year-end.
Specific NTY historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Nylon Tire Yarn Price
The report explores the NTY pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on NTY prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Nylon Tire Yarn Price
In Asia Pacific, NTY witnessed a mix of market dynamics during Q4 2023. In the beginning, the market saw a bullish trend, particularly across India, driven by strong consumption across the automotive sector. Despite the global economic slowdown and sluggish Chinese recovery, the region’s rural industry stayed resilient, sustaining demand. Market participants noted better margins despite average sales because the price of the feedstock Caprolactam stayed constant. Nearing the end of the quarter, however, the market turned bearish because of rising levels of inventory and reduced demand from the replacement tire segment. Chinese markets gradually reached oversupply, impacting global demand and pricing trends, especially as inflation persisted.
This NTY price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Nylon Tire Yarn Price
The analysis of NTY prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Nylon Tire Yarn |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Nylon Tire Yarn Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of nylon tire yarn pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting nylon tire yarn price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nylon tire yarn price charts ensure our clients remain at the forefront of the industry.