Nylon Tire Yarn Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Nylon Tire Yarn Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23152
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Nylon Tire Yarn Prices December 2023

Product
Category Region Price
Nylon Tire Yarn Elastomer USA 3795 USD/MT (Jun,23)
Nylon Tire Yarn Elastomer Asia 2550 USD/MT (Jun,23)
Nylon Tire Yarn Elastomer Europe 3650 USD/MT (Jun,23)


The price of nylon tire yarn in the United States for Q4 2023 reached 3795 USD/MT in December. The market showed a bearish trend in the first quarter of 2024 on the back of subdued demand as the inventory pressures remained low for the stocking throughout the quarter. Supply largely remained dependent on Canada which had severe downturns due to strikes and cold winter.   Nylon Tire Yarn producers revealed improved processing margins shrank further due to weakness in caprolactam prices with US markets being severely stocked with caprolactam. 

The price for nylon tire yarn in Asia reached 2550 USD/MT in December 2023. The market showed a mixed trend in the first quarter of 2024. In January, the prices remained bullish trend in Asian markets especially in the Indian markets due to rising demand from the end use automobile industries. Moreover, in February and March, prices turned bearish due to subduction in demand amidst high inventory stocks and falling demand from replacement tire markets. 

In Europe, nylon tire yarn prices reached 3650 USD/MT.  In January, the prices remained bullish due to inventory pressures.  Nylon tire yarn producers undertook price revisions upwards at contract deliveries with prices moving on aggregate level by 15% across the supplier range. This upward movement in contract prices was offset by downward spot movements as downturns intensified.

Nylon Tire Yarn Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Nylon Tire Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of nylon tire yarn pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing nylon tire yarn price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Nylon Tire Yarn Price Trend

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 global nylon tire yarn market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in nylon tire yarn production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

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 nylon tire yarn market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 price trends.  

Global Nylon Tire Yarn Price

The report offers a holistic view of the global nylon tire yarn pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Nylon Tire Yarn Price

Nylon tire yarn (NTY) remained bullish in the first quarter of 2024. In January, the prices remained bullish trend driven by inventory pressures.  Nylon tire yarn producers undertook price revisions upwards at contract deliveries with prices moving on aggregate level by 15% across the supplier range. This upward movement in contract prices was offset by downward spot movements as downturns intensified. German deliveries from Italy saw reduced quantum for the first two months. Besides, in March, prices were further moving upwards due to strong demand sentiments and easing of downturns in Italian and Dutch manufacturing.

This analysis can be extended to include detailed nylon tire yarn 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

Nylon tire yarn (NTY) showed a bearish trend in the first quarter of 2024 on the back of subdued demand as the inventory pressures remained low for the stocking throughout the quarter. Supply largely remained dependent on Canada which had severe downturns due to strikes and cold winter.   Nylon tire yarn producers revealed improved processing margins shrank further due to weakness in caprolactam prices with US markets being severely stocked with caprolactam. 

Specific data on nylon tire yarn prices 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 nylon tire yarn 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 nylon tire yarn 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

Nylon tire yarn (NTY) showed a mixed trend in the first quarter of 2024. In January, the prices remained bullish trend in markets especially in the Indian markets primary on the back of rising demand from the end use automobile industries. Inquiries with the market participants revealed that demand side remained strong due to inventory pressures. Besides, demand factor remained positive despite weakening global economy and slower Chinese recovery. Nylon tire yarn producers revealed improved processing margins declined due to rising spot prices of raw materials.

This analysis can be further extended to include detailed nylon tire yarn prices for 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 nylon tire yarn 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, 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
  • Product Portfolio
  • 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 Ex Works, FOB, and CIF prices.
  • The study examines factors affecting nylon tire yarn price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, 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, ensuring they remain at the forefront of the nylon tire yarn industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Nylon Tire Yarn Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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