High-tenacity tyre cord fabrics market in Portugal

Earlier Report Observations

The Portuguese market for high-tenacity tyre cord fabrics saw considerable volume changes from 2018 to 2023. It began the period at 27 163 thousand m², underpinned by a strong base of specialized domestic manufacturers such as Trivialtex and Magma Têxtil, which reinforced national supply for tyre cord and technical fabrics. After a contraction to 17 299 thousand m² in 2020, market volume recovered to 18 601 thousand m² in 2021. This rebound coincided with a reported global surge in demand for carbon black, a critical tyre industry raw material, which stimulated activity in the upstream fabric chain.

In the following years, the industry's evolution was marked by a growing emphasis on sustainability and innovation. Portuguese companies, including Recyclingfibers, advanced textile recycling of polyamide and polyester to produce high-quality recycled fibres for technical applications like tyre reinforcement. By 2023, the market volume had settled at 17 927 thousand m², while its value climbed to 34.4 million $ US, reflecting broader global market growth and a shift in product mix or value within the sector.

Production high-tenacity tyre cord fabrics in Portugal

In value, 2018-2021, K $ US

After two consecutive years of decline, Portugal's production of high-tenacity tyre cord fabrics rebounded. In 2021, output reached 81 395 thousand US dollars, marking a significant 30.8% increase compared to 2020. Over the 2018-2021 period, production grew by 4.3%, with an average annual growth rate of 1.4%. The lowest production value was recorded in 2020 at 62 223 thousand US dollars, which also saw the steepest decline of 19.5%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, K m²

Following a two-year contraction, Portugal's production of high-tenacity tyre cord fabrics showed recovery. In 2021, the country produced 49 744 thousand square meters, representing a 14.0% increase from the previous year. However, over the entire 2018-2021 period, production actually decreased by 5.5%, with an average annual decline of 1.9%. The lowest production volume occurred in 2020 at 43 635 thousand square meters, which also experienced the most substantial drop of 14.6%.

Annual dynamics of production in Portugal in kind, 2018-2021, K m²

Exports high-tenacity tyre cord fabrics from Portugal

Exports in kind, K m²

Portugal's exports of high-tenacity tyre cord fabrics reached 34 017 thousand square meters in 2021, growing by 8.3% compared to 2020. Over the 2018-2021 period, exports increased by 21.4%, with an average annual growth rate of 6.7%. The most significant export growth occurred in 2019 at 12.1%, while 2020 showed minimal change.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, K m²

Between 2018 and 2021, Slovakia, Romania, and Germany dominated Portugal's export structure for high-tenacity tyre cord fabrics in volume terms. Slovakia accounted for 37.3% of exports, Romania for 21.5%, and Germany for 20.3%. Together, these three countries represented 79.1% of Portugal's total export flows during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

After two years of decline, Portugal's exports of high-tenacity tyre cord fabrics in value terms rebounded strongly. In 2021, exports totaled 55 178 thousand US dollars, showing a dramatic 26.0% increase from the previous year. However, over the full 2018-2021 period, export value decreased by 3.4%, with an average annual decline of 1.1%. The lowest export value was recorded in 2020 at 43 782 thousand US dollars, which also saw the largest decline of 16.6%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Slovakia, Germany, and Romania were the primary destinations for Portugal's high-tenacity tyre cord fabric exports in value terms. Slovakia accounted for 34.8% of export value, Germany for 21.0%, and Romania for 19.7%. Collectively, these three markets represented 75.5% of Portugal's total export value during this period.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports high-tenacity tyre cord fabrics to Portugal

Imports in kind, K m²

Portugal's imports of high-tenacity tyre cord fabrics showed considerable volatility between 2018 and 2021. The lowest import volume occurred in 2018, while imports peaked in 2019, creating a 2.3-fold difference between these two years. In 2021, imports totaled 2 873 thousand square meters, representing a sharp 43.4% decrease from 2020. The highest import volume was recorded in 2019 at 5 984 thousand square meters, which also saw the most dramatic increase of 132.7%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, K m²

Between 2018 and 2021, Portugal's imports of high-tenacity tyre cord fabrics in volume terms were heavily concentrated, with Luxembourg and China together accounting for 80.4% of total import flows. Other trading partners represented only a small fraction of imports during this period.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Portugal's imports of high-tenacity tyre cord fabrics in value terms displayed significant volatility from 2018 to 2021. The lowest import value was recorded in 2018, while imports peaked in 2019, showing a 1.8-fold difference between these years. In 2021, imports totaled 6 653 thousand US dollars, representing a dramatic 25.2% decline compared to 2020. The highest import value occurred in 2019 at 10 066 thousand US dollars, which also experienced the largest increase of 77.2%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Luxembourg, China, and Germany were the leading sources of high-tenacity tyre cord fabric imports to Portugal in value terms. Luxembourg accounted for 65.6% of import value, China for 10.9%, and Germany for 10.3%. Together, these three countries represented 86.8% of Portugal's total import value during this period.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021