OPINION
Choe-Groves, Judge:This consolidated action involves passenger vehicle and light truck (“PVLT”) tires. PVLT tires are new pneumatic tires made of rubber, with a passenger vehicle or light truck designation. Tires covered by this case include tube-type, tubeless, radial, or non-radial tires that are intended for sale to original equipment manufacturers or the replacement market. See Majority and Dissenting Views at 6, CD 440, Doc. No. 562493 (Aug. 5, 2015) (“Commission Views”). The matter before the court challenges the final material injury determination of the U.S. International Trade Commission (“Defendant,” “ITC,” or “Commission”) in the antidump-ing and countervailing duty investigations of certain passenger vehicle and light truck (“PVLT”) tires from the People’s Republic of China (“China”). See Certain Passenger Vehicle and Light Truck Tires From China, 80 Fed. Reg. 47,000, 47,000 (Int’l Trade Comm’n Aug. 6, 2015); see also Certain Passenger Vehicle and Light Truck Tires From China, USITC Pub. 4545 at 1-45, Inv. Nos. 701-TA-522 and 731-TA-1258 (Aug. 2015), available at https://www.usitc.gov/publications/701_731/ pub4545.pdf (last visited July 10, 2017) (“USITC Pub. 4545”); Commission Views at 3-67.
Before the court are Rule 56.2 motions for judgment on the agency record filed by Plaintiff ITG Voma Corporation (“ITG Voma”) and Consolidated Plaintiffs China Rubber Industry Association and the SubCommittee of Tire Producers of the China Chamber of Commerce of Metals, Minerals & Chemical Importers (collectively, “CRIA”). See Pl.’s Rule 56.2 Mot. J. Agency R., Feb. 16, 2016, ECF No. 37; Pis. Rule 56.2 Mot. J. Agency R., Feb. 16, 2016, ECF No. 38. ITG Voma and CRIA contend that the Commission’s final determination that imports of PVLT tires from China have materially injured the U.S. PVLT tire industry was unsupported by substantial evidence and not in accordance with the law. See PI. ITG Voma’s Mem. P. & A. in Supp. Rule 56.2 Mot. J. Agency R., Feb. 16, 2016, ECF No. 37-1 (“ITG Voma Rule 56.2 Br.”); Br. in Supp. Pis. Rule 56.2 Mot. J. Agency R., Feb. 16, 2016, ECF No. 38 (“CRIA Rule 56.2 Br.”).
The ITC and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union AFL-CIO, CLC (“USW” or “Defendant-Intervenor”) oppose the Rule 56.2 motions and request that the court sustain the Commission’s final determination. See Def. Int’l Trade Comm’n’s Opp’n Pis.’ Mots. J. Agency R., May 2, 2016, ECF No. 51 (“Def. Resp. Br.”); Def.-Intervenor United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union AFL-CIO, CLC’s Opp’n Pis.’ Mots. J. Agency R., June 2, 2016, ECF No. 57.
For the reasons set forth below, the court sustains the Commission’s final determination and denies the motions for judgment on the agency record.
BACKGROUND
USW filed antidumping and countervailing duty petitions with the ITC and the U.S. Department of Commerce (“Commerce”) on June 3, 2014, alleging that the domestic industry had been materially injured or threatened with material injury from imports of Chinese PVLT tires that *1344benefitted from countervailable subsidies and were sold at less than fair value. See Staff Report Investigation Nos. 701-TA-522 and 731-TA-1258 (Final) at 1-1, CD 429, Doc. No. 560025 (July 2, 2015) (“Staff Report”). The ITC and.Commerce instituted antidumping and countervailing duty investigations.1 See Certain Passenger Vehicle and Light Truck Tires From China, 79 Fed. Reg. 32,994 (Int’l Trade Comm’n June 9, 2014) (institution of antidumping and countervailing duty investigations and scheduling of preliminary phase investigations); Certain Passenger Vehicle and Light Truck Tires From the People’s Republic of China, 79 Fed. Reg. 42,285 (Dep’t Commerce July 21, 2014) (initiation of countervailing duty investigation); Certain Passenger Vehicle and Light Truck Tires From the People’s Republic of China, 79 Fed. Reg. 42,292 (Dep’t Commerce July 21, 2014) (initiation of antidumping duty investigation).
Commerce completed its antidumping and countervailing duty investigations in June 2015. See Antidumping Duty Investigation of Certain Passenger Vehicle and Light Truck Tires From the People’s Republic of China, 80 Fed. Reg. 34,893 (Dep’t Commerce June 18, 2015) (final determination of sales at less than fair value) (“AD Final Determination”); Countervailing Duty Investigation of Certain Passenger Vehicle and Light Truck Tires From the People’s Republic of China, 80 Fed. Reg. 34,888 (Dep’t Commerce June 18, 2015) (final affirmative determination) (“CVD Final Determination”). Commerce found that the subject PVLT tires were being, or were likely to be, sold at less than fair value and calculated final dumping margins ranging from 14.35 percent to 87.99 percent. See AD Final Determination, 80 Fed. Reg. at 34,893-96. Commerce also found that producers and exporters of PVLT tires from China were being provided with countervailable subsidies and calculated final countervailing duty rates ranging from 20.73 percent to 100.77 percent. See CVD Final Determination, 80 Fed. Reg. at 34,888-89.
The ITC published its final material injury determination in August 2015 after completing its investigation. See Certain Passenger Vehicle and Light Truck Tires From China, 80 Fed. Reg. at 47,000. The period of investigation spanned January 1, 2012 through December 31, 2014. See Commission Views at 4. Based on the information obtained during the investigation,2 an evenly divided Commission determined that an industry in the United *1345States had been materially injured by reason of imports of PVLT tires from China that Commerce found to be sold at less than fair value and subsidized by the government of China.3 See Certain Passenger Vehicle and Light Truck Tires From China, 80 Fed. Reg. at 47,000; USITC Pub. 4545 at 1-45; Commission Views 3-67.
The ITC began its injury analysis by defining the domestic product that is like or most similar to the imported PVLT tires and then identifying the industry responsible for producing the domestic like-product. See Commission Views at 5-20. PVLT tires range from 13 to 26 inches in diameter and are designed for use on standard-type passenger cars, sport utility vehicles, multipurpose passenger vehicles, or light trucks. See id. at 8 (citing Staff Report at I-16-I-17). The Commission’s definition of the domestic like-product was coterminous with the scope of the imported PVLT tires subject to the investigations, which was described by Commerce as “new pneumatic tires, of rubber, with a passenger vehicle or light truck size designation” that “may be tube-type, tubeless, radial, or non-radial, and they may be intended for sale to original equipment manufacturers [ (“OEM”) ] or the replacement market.”4 Id at 6-11. Three Commissioners found that the domestic industry included all nine U.S. producers of PVLT tires, and the remaining three Commissioners found that the domestic industry included eight of the nine U.S. producers.5 See id. at 11-20.
*1346The Commission assessed the conditions of the U.S. PVLT tire market in its material injury analysis. See id. at 20-35. The Commission observed that domestic consumption of PVLT tires increased from 274.3 million tires in 2012 to 301 million tires in 2014, an overall increase of 9.7 percent during the period of investigation. See id. at 20-21 n.89 (citing Staff Report at Table IV-6). Demand for PVLT tires, particularly for higher-value and larger-diameter PVLT tires, increased due to “a rebounding economy, an increase in the number of miles driven as gasoline prices have declined, and an increase in vehicle sales.” Id. at 21 (citing Staff Report at II-25,11-28,11-32). The cost of raw materials used to produce PVLT tires, including natural and synthetic rubber, declined during the period of investigation.6 See id. at 34-35 (citing Staff Report at V-l-V-2 and Figure V-l). China provided the largest source of imported PVLT tires and increased its share of the U.S. PVLT market from 11.5 percent in 2012 to 19.3 percent in 2014. See id. at 23-24 (citing Staff Report at Tables IV-2, IV-3, and IV-6). The Commission found a moderate to high degree of substitutability between domestically-produced PVLT tires and subject imports. See id. at 25-27. The Commission recognized that PVLT tires differ based on brand, quality, and price, but explained that the record did not warrant finding clear dividing lines among categories of tires in the market. See id at 27-34. Based on its assessment of the market, the Commission concluded that subject imports competed in a meaningful way with domestically-produced PVLT tires and that the competition was based primarily on price. See id. at 33-34.
The Commission then considered the volume of subject imports, the effect subject imports had on the price of domestically-produced PVLT tires, and the impact subject imports had on the domestic industry. See id. at 35-60. The ITC found that the volume and increase in volume of imports from China were significant. See id. at 41-45. Subject imports significantly undersold the domestic like product, but the Commission could not determine from the record evidence whether it was the underselling or the decline in raw material costs that was responsible for lowering the prices of domestic PVLT tires. See id. at 45-52. The ITC also found that subject imports had a significant adverse impact on the domestic industry. See id. at 53-58. The ITC noted that the domestic industry experienced a decline in U.S. shipments, net sales volumes, net sales values, production, capacity, and employment during a time of increased demand, increased consumption, and lower raw material costs. See id. at 55 (citing Staff Report at Table C-2).
Although the domestic industry was increasingly profitable during the period of investigation, see id. at 55 (citing Staff Report at Tables VI-3 and C-2), the Commission determined that the domestic industry was materially injured by reason of subject imports that captured market share at the expense of the domestic industry. See id. at 58-60. The Commission *1347found that this market share effect caused the domestic industry to earn lower revenues than it would have otherwise earned. See id. Accordingly, Commerce issued an-tidumping and countervailing duty orders on PVLT tires from China. See Certain Passenger Vehicle and Light Truck Tires From the People’s Republic of China, 80 Fed. Reg. 47,902 (Dep’t Commerce Aug. 10, 2015) (amended final antidumping duty determination and antidumping duty order; and amended final affirmative countervailing duty determination and countervailing duty order).
ITG Voma and CRIA subsequently brought this consolidated action to challenge the ITC’s final affirmative material injury determination.
JURISDICTION AND STANDARD OF REVIEW
The court has jurisdiction pursuant to 28 U.S.C. § 1581(c) (2012)7 and Section 516A(a)(2)(B)(i) of the Tariff Act of 1930, as amended, 19 U.S.C. § 1516a(a)(2)(B)(i) (2015),8 which grant the court authority to review actions contesting the ITC’s final injury determination following an antidumping or countervailing duty investigation. The court will uphold the ITC’s “determinations, findings, or conclusions” unless they are “unsupported by substantial evidence on the record, or otherwise not in accordance with law.” 19 U.S.C. § 1516a(b)(l)(B)(i); see also Siemens Energy, Inc. v. United States, 806 F.3d 1367, 1369 (Fed. Cir. 2015). The possibility of drawing two inconsistent conclusions from the evidence does not prevent the court from holding that the Commission’s determinations, findings, or conclusions are supported by substantial evidence. See Nippon Steel Corp. v. United States, 458 F.3d 1345, 1352 (Fed. Cir. 2006) (quoting Am. Silicon Techs. v. United States, 261 F.3d 1371, 1376 (Fed. Cir. 2001)); see also Consolo v. Fed. Mar. Comm’n, 383 U.S. 607, 620, 86 S.Ct. 1018, 16 L.Ed.2d 131 (1966).
DISCUSSION
I. Legal Framework
The ITC must support an affirmative material injury determination with findings that (1) “material injury” existed and (2) the material injury was caused “by reason of’ the subject imports. See Swiff-Train Co. v. United States, 793 F.3d 1355, 1359 (Fed. Cir. 2015) (quoting Gerald Metals, Inc. v. United States, 132 F.3d 716, 719 (Fed. Cir. 1997)). Material injury is defined by statute as harm that “is not inconsequential, immaterial, or unimportant.” 19 U.S.C. § 1677(7)(A). To determine whether a domestic industry has been materially injured or threatened with material injury by reason of unfairly subsidized or less than fair value imports, the Commission considers:
(I) the volume of imports of the subject merchandise,
(II) the effect of imports of that merchandise on prices in the United States for domestic like products, and
(III) the impact of imports of such merchandise on domestic producers of domestic like products, but only in the context of production operations within the United States.
19 U.S.C. § 1677(7)(B)(i) (emphases added). The Commission may “consider such other economic factors as are relevant to the determination regarding whether there is material injury by reason of imports.” 19 *1348U.S.C. § 1677(7)(B)(ii). No single factor is dispositive and “the significance to be assigned to a particular factor is for the ITC to decide.” See S. Rep. No. 96-249, at 88 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 474.
The statute neither defines the phrase “by reason of,” nor provides the ITC with guidance on how to determine whether the material injury'is by reason of subject imports. The Court of Appeals for the Federal Circuit has interpreted the “by reason of’ statutory language to require the Commission to consider the volume of subject imports, their price effects, their impact on the domestic industry, and to establish whether there is a causal connection between the imported goods and the material injury to the domestic industry. See Swiff-Train Co., 793 F.3d at 1361; see also S. Rep. No. 96-249, at 57-58, 74-75 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 443-44, 460-61.
II. The Parties’ Challenges to the Commission’s Final Material Injury Determination
ITG Voma and CRIA challenge various aspects of the Commission’s final determination. First, ITG Voma asserts that it was .denied due process because the Commission conducted its material injury analysis under a statute that was amended by Congress during the course of the investigation without providing ITG Voma with notice and an opportunity to comment. See ITG Voma Rule 56.2 Br. 7-9, 12-13. Second, ITG Voma and CRIA challenge the Commission’s findings regarding the conditions of competition in the market, contending that competition between imports of PVLT tires from China and the domestic like product was attenuated and was not based primarily on price. See id. at 34-42; CRIA Rule 56.2 Br. 23-36. Third, ITG Voma contests the Commission’s determination that the volume and increase in volume of subject imports was significant. See ITG Voma Rule 56.2 Br. 29-34. Fourth, ITG Voma and CRIA dispute the Commission’s determination that subject imports had a significant adverse impact on the domestic industry and caused it material injury. See id. at 7-11, 14-27, 31-32, 34-44; CRIA Rule 56.2 Br. 6-22, 36-45.
a. The Commission’s Application of the Trade Preferences Extension Act of 2015
Congress enacted the Trade Preferences Extension Act of 2015 (“TPEA”) on June 29, 2015, during the course of the ITC’s investigation in this matter. See Pub. L. No. 114-27, 129 Stat. 362, 384-85 (2015). Section 503 of the TPEA amended the statute that governs the Commission’s material injury analysis.9 See 19 U.S.C. § 1677(7). The Commission’s final determination on August 5, 2015 applied the amended version of the statute in its material injury analysis. See Commission Views at 53 n.245.
ITG Voma argues that it was denied due process because the Commission did not provide ITG Voma with notice or an opportunity to comment before applying the amended statute. See ITG Voma Rule 56.2 Br. 7-9, 12-13. ITG Voma requests that the court remand the final determination to allow ITG Voma an opportunity to comment on the application of the amended provisions of the statute. See id. at 13. Defendant responds that parties are pre*1349sumed to know the law and that ITG Voma had an opportunity to comment on the amended statutory provisions. See Def. Resp. Br. 28-30.
“The core of due process is the right to notice and a meaningful opportunity to be heard.” LaChance v. Erickson, 522 U.S. 262, 266, 118 S.Ct. 753, 139 L.Ed.2d 695 (1998) (citing Cleveland Bd. of Ed. v. Loudermill, 470 U.S. 532, 542, 105 S.Ct. 1487, 84 L.Ed.2d 494 (1985)). “The first inquiry in every due process challenge is whether the plaintiff has been deprived of a protected interest in ‘property’ or ‘liberty.’ ” See Int’l Custom Prods., Inc. v. United States, 791 F.3d 1329, 1337 (Fed. Cir. 2015), cert. denied, — U.S. -, 136 S.Ct. 2408, 195 L.Ed.2d 779 (2016) (quoting Am. Mfrs. Mut. Ins. Co. v. Sullivan, 526 U.S. 40, 59, 119 S.Ct. 977, 143 L.Ed.2d 130 (1999)) (internal quotations omitted). Only after establishing that the plaintiff has been deprived of a protected interest will the court evaluate whether the afforded procedures comport with due process requirements. See Am. Mfrs. Mut. Ins. Co., 526 U.S. at 59, 119 S.Ct. 977.
ITG Voma cannot raise a genuine due process claim here because it has not been deprived of a protected interest. ITG Voma is an importer that participated in the investigation and filed suit to challenge the Commission’s final determination, which resulted in the imposition of anti-dumping and countervailing duties on ITG Voma’s imports of PVLT tires from China. Neither importing merchandise under an existing duty rate nor engaging in international trade is a protectable interest under the U.S. Constitution. See Int’l Custom Prods., Inc., 791 F.3d at 1337; see also Norwegian Nitrogen Prods. Co. v. United States, 288 U.S. 294, 318, 53 S.Ct. 350, 77 L.Ed. 796 (1933); A Classic Time v. United States, 123 F.3d 1475, 1476 (Fed. Cir. 1997); Am. Ass’n of Exps. & Imps.—Textile & Apparel Grp. v. United States, 751 F.2d 1239, 1250 (Fed. Cir. 1985). ITG Voma’s due process claim lacks a constitutionally protected interest in property or liberty and thus is without merit.
Notwithstanding the absence of a constitutionally protected interest, ITG Voma argues that the Commission was required to provide notice before applying the amended statute in its final determination. The court disagrees. An agency is required to apply the law that is in effect at the time that it issues its final determination, even when a change in legislation occurs during the administrative proceeding. See Ziffrin, Inc. v. United States, 318 U.S. 73, 78, 63 S.Ct. 465, 87 L.Ed. 621 (1943); Aaacon Auto Transp., Inc. v. Interstate Commerce Comm’n, 792 F.2d 1156, 1161 (D.C. Cir. 1986). An agency is under no obligation to provide notice of changes in legislation. See Texaco, Inc. v. Short, 454 U.S. 516, 535-36, 102 S.Ct. 781, 70 L.Ed.2d 738 (1982). The legislative process provides notice to the public. See Logan v. Zimmerman Brush Co., 455 U.S. 422, 433, 102 S.Ct. 1148, 71 L.Ed.2d 265 (1982) (citing Bi-Metallic Inv. Co. v. State Bd. of Equalization, 239 U.S. 441, 445-46, 36 S.Ct. 141, 60 L.Ed. 372 (1915)). The Commission was required to make its final determination in accordance with the amended statute because the TPEA went into effect during the investigation.10 The *1350Commission was not required to provide notice of the amendments prior to making a final determination. See Texaco, Inc., 454 U.S. at 535-36, 102 S.Ct. 781; see also Logan, 455 U.S. at 433, 102 S.Ct. 1148 (citing Bi-Metallic Inv. Co., 239 U.S. at 445-46, 36 S.Ct. 141).
ITG Voma asserts that the law required the Commission to provide ITG Voma with an opportunity to comment on the application of the TPEA before making a final determination. See ITG Voma Rule 56.2 Br. 12-13 (citing 19 U.S.C. § 1677m(g)). The Commission is required by statute to provide parties with an opportunity to comment on all information obtained during an investigation. See 19 U.S.C. § 1677m(g). The statute provides that:
Information that is submitted on a timely basis to the administering authority or the Commission during the course of a proceeding under this subtitle shall be subject to comment by other parties to the proceeding within such reasonable time as the administering authority or the Commission shall provide. The administering authority and the Commission, before making a final determination ... shall cease collecting information and shall provide the parties with a final opportunity to comment on the information obtained by the administering authority or the Commission ... upon which the parties have not previously had an opportunity to comment. Comments containing new factual information shall be disregarded.
Id.; see also 19 C.F.R. § 207.30 (regulatory provision implementing statutory mandate). According to the statute, ITG Voma was entitled to an opportunity to comment on the information obtained by the Commission during the investigation.
The court must determine whether the ITC’s application of the amended statute violated its obligation to afford parties an opportunity to comment on information in the record. Prior to the enactment of the TPEA, the ITC was required to consider the impact on the domestic industry by evaluating the domestic industry’s “actual and potential decline in output, sales, market share, profits, productivity, return on investments, and utilization of capacity.” 19 U.S.C. § 1677(7)(C)(iii)(I) (2012). Section 503 of the TPEA amended this statutory provision by (1) substituting “profits” with gross profits, operating profits, and net profits, and (2) additionally requiring the Commission to evaluate the actual and potential decline in the domestic industry’s ability to service debt and return on assets. See Pub. L. No. 114-27, 129 Stat. 362, 384-85 (2015). Even though the TPEA was enacted shortly before the Commission issued its final determination, the record of the investigation already contained data pertaining to the newly required factors, enabling the Commission to apply the amended statute without the need to obtain additional information. See Staff Report at VI-21-VI-24, Tables C-l-C-2, VI-l-VI-3; Hearing Transcript at 215, PD 275, document number 558534 (June 10, 2015). ITG Voma had several opportunities to comment on this record data before the Commission issued its final determination. See Prehearing Brief of ITG Voma Corporation and American Omni Trading Company, CD 410, document number 558120 (June 2, 2015); Hearing Transcript, PD 275, document number 558534 (June 10, 2015); Post-hearing Brief of ITG Voma Corporation, CD 421, document number 558875 (June 16, 2015); see also 19 C.F.R. § 207.23-25 (providing opportunities to comment during an investi*1351gation). The Commission did not violate its statutory obligation to afford parties an opportunity to comment on information in the record.
ITG Voma argues that the Commission was required to provide an opportunity to comment on the Staff Report. The Staff Report was issued on July 2, 2015 after the TPEA was enacted and recited the statutory criteria for the Commission’s material injury analysis according to the statute prior to the TPEA amendments. See ITG Voma Rule 56.2 Br. 9,12. ITG Voma’s argument is unavailing. Even if the court were to presume that the law recited in the Staff Report constitutes “information” under 19 U.S.C. § 1677m(g), ITG Voma had an opportunity to comment on the Staff Report when it submitted final comments on July 10, 2015. See Final Comments of ITG Voma Corporation, PD 333, document number 560461 (July 10, 2015). Counsel for ITG Voma acknowledged during oral argument that ITG Voma “perhaps ... should have” submitted comments relating to the amended statute. See Oral Argument at 01:47:12-01:47:20, April 26, 2017, ECF No. 83. Counsel for ITG Voma also noted during oral argument that the ITC never rejected an attempt to submit comments pertaining to the amended statute. See id. at 00:12:11-00:12:28. Significantly, the court notes that Defendant-Intervenor addressed the amended law in its final comments submitted to the ITC. See Petitioner’s Final Comments, CD 437, document number 560455 (July 10, 2015). The fact that another party in this case submitted comments relating to the amended law underscores the fact that ITG Voma had a meaningful opportunity to comment. Moreover, ITG Voma has failed to identify any information on the record that was not previously subject to comment during the investigation. The Commission provided ITG Voma with all the process that was due under 19 U.S.C. § 1677m(g).
The court holds, therefore, that ITG Voma was not deprived of its due process and was otherwise afforded notice and an opportunity to comment,
b. The Commission’s Assessment of the Conditions of Competition
ITG Voma and CRIA challenge the Commission’s assessment of the conditions of competition in the U.S. PVLT tire market, specifically the Commission’s findings that PVLT tires imported from China competed in a meaningful way with domestically-produced PVLT tires and that the competition was based primarily on price. See ITG Voma Rule 56.2 Br. 34-42; CRIA Rule 56.2 Br. 23-36. ITG Voma and CRIA assert that the Commission’s findings were unsupported by substantial evidence because the competition between the two products was attenuated and was based primarily on brand. See ITG Voma Rule 56.2 Br. 34-42; CRIA Rule 56.2 Br. 23-36. Defendant argues that the record contained substantial evidence to support its findings and that ITG Voma and CRIA have failed tó demonstrate otherwise. See Def. Resp. Br. 7-18.
The Commission must “evaluate all relevant economic factors ... within the context of the business cycle and conditions of competition that are distinctive to the affected industry” when considering the impact of subject imports on the domestic industry. 19 U.S.C. § 1677(7)(C)(iii). The statute does not provide further guidance, giving the Commission discretion to assess the conditions of competition in a particular industry. The Commission’s findings regarding competition and market conditions must be supported by substantial evidence in the record. See Siemens Energy, Inc., 806 F.3d at 1369 (quoting 19 U.S.C. § 1516a(b)(l)(B)(i)).
The Commission found that “subject imports from China compete[d] in a meaningful way with the domestic indus*1352try’s PVLT tires” and that the competition “depend[ed] primarily on price.” Commission Views at 33-34. The Commission supported its conclusions by relying on a number of subsidiary findings, including that: (i) the domestic like product consisted of all PVLT tires; (ii) there was a moderate to high degree of substitutability between the domestic like product and subject imports; (iii) there was significant overlap in the competition between domestic producers and importers of subject merchandise; and (iv) price was an important purchasing factor. See id. at 9-11, 25-34. As explained below, these subsidiary findings were supported by substantial evidence on the record and validated the Commission’s conclusions that the competition between subject imports and domestic tires was meaningful and depended primarily on price.
First, the Commission defined the domestic like product to consist of all PVLT tires, despite variations in size and design features. See id. at 9-11. The Commission observed that all PVLT tires are produced from the same basic raw materials,11 have the same basic components,12 and are used for mounting on wheels of passenger vehicles and light trucks. See id. at 9 (citing Staff Report at I—17—I—21). The Commission noted that PVLT tires are generally produced using common manufacturing facilities, production equipment, production processes, and employees. See id. at 9-10 (citing Staff Report at I-24-I-30). These characteristics are common to all PVLT tires, regardless of whether the tires are produced domestically or in China. Id. at 11. The Commission also noted that “customers and producers view PVLT tires as a single product category.” Id.
Second, the Commission found that there is a moderate to high degree of substitutability between the domestic like product and subject imports. See id. at 25-27. Producers in both' the United States and China manufacture PVLT tires in “a broad range of sizes, styles, and performance characteristics.” Id. at 25 (citing Staff Report at I-22-I-25,11-32, Tables V-5-V-10). PVLT tires of the same size can fit the same vehicles and be used interchangeably even if the tires have different style and performance characteristics. See id. at 11, 25-26; Staff Report at Table 11-17 (producers, importers, and purchasers reported that domestic PVLT tires and PVLT tires from China are “always” or “fire--quently” interchangeable), V-8 n.12 (questionnaire responses provided that different speed ratings do not affect comparability of products). The Commission also noted that the majority of responding purchasers reported that PVLT tires produced in the United States and in China are “ ‘comparable’ in terms of discounts offered, extension of credit, packaging, private label, product consistency, quality both meets and exceeds industry standards, reliability of supply, and U.S. transportation costs.” Id. at 26 (citing Staff Report at 11-39, Table 11-16). All PVLT tires sold in the U.S. market must meet certain safety standards and marking requirements set by the National Highway Traffic Safety Administration and the U.S. Department of Transportation. See Staff Report at II-1. The record supports the Commission’s finding that there was a moderate to high degree of substitutability between subject imports and domestic PVLT tires.
Third, the Commission found that there was significant overlap in the competition *1353between domestic PVLT tires and subject imports. See Commission Views at 26-30. Domestic producers and importers of subject merchandise: (1) supplied the market with branded and private-label tires,13 (2) had a larger share of shipments that involved branded tires, (3) sold tires in the OEM and replacement segments of the market,14 (4) directed a larger share of shipments to the replacement segment of the market, and (5) sold PVLT tires in the same geographic regions in the United. States. See id. at 27-30; Staff Report at Tables II-l, II-3, II-5, 131-7, TV-7 (tabulating market share by segment, channels of distribution, geographic markets, shipments of branded tires, and shipments of private-label tires). This record evidence supported the Commission’s finding.
Fourth, the Commission found that price was an important purchasing factor. See Commission Views at 26-27, 34. The Commission observed that PVLT tires in the market differed based on brand, quality, and price. See id. at 31-32, 34 (citing Staff Report at 11-12 and App. D). The Commission observed that prices of private-label tires influence what purchasers are willing to pay for branded tires, prices of tires in the replacement segment influence what purchasers are willing to pay for tires in the OEM segment, and prices of lower-category tires influence what purchasers are willing to pay for higher-category tires. See id. at 49 n.232, 49 n.235, 50 n.236. Half of the responding U.S. producers and a majority of importers and purchasers reported that differences other than price were “ ‘sometimes’ or ‘never’ important when comparing PVLT tires made in the United States and China.” Id. at 27 (citing Staff Report at Table 11-19). The Commission reasonably found that price was an important factor for customers who purchase PVLT tires in the domestic market.
Each of the above findings was supported by substantial evidence on the record. The Commission relied on these findings and reasonably concluded that the competition between imports of PVLT tires from China and domestically-produced PVLT tires was meaningful and based primarily on price. Therefore, the Commission’s'findings regarding the conditions of competition were supported by substantial evidence.
ITG Voma and CRIA maintain, however, that the competition between subject imports and domestically-produced PVLT tires was “attenuated.” See ITG Voma Rule 56.2 Br. 34-42; CRIA Rule 56.2 Br. 23-36. To support their position, ITG Voma and CRIA argue that subject imports were not competitive with domestic PVLT tires because the PVLT tires sold in the OEM segment were predominantly domestically-produced or imported from non-subject producers.15 See ITG Voma *1354Rule 56.2 Br. 34-37; CRIA Rule 56.2 Br. 23-27. This argument fails to persuade the court that the Commission’s finding is unsupported by substantial evidence. ITG Voma and CRIA would prefer to have the Commission analyze the OEM and replacement segments of the market independently, but the law imposes no such requirement on the Commission. See Far E. Textile Ltd. v. U.S. Int’l Trade Comm’n, 25 CIT 999, 1004 (2001) (citing Makita Corp. v. United States, 21 CIT 734, 755, 974 F.Supp. 770, 788 (1997)). ITG Voma and CRIA have not cited to any authority that required the Commission to engage in a segmented analysis in this investigation. The Commission elected to analyze the market as a whole and supported its competition findings with substantial evidence. The Commission acknowledged that the vast majority of tires in the OEM segment were supplied by domestic producers and non-subject imports, but noted that “the replacement segment accounted for a larger share of the U.S. market ... than the OEM segment.” 16 See Commission Views at 21, 29 (citing Staff Report at Tables II—1 and II—3). Even though domestic producers were responsible for the vast majority of PVLT tires sold in the OEM market, domestic producers’ shipments to OEMs accounted for a modest portion of their total shipments during Ihe period of investigation.17 See Commission Views at 44-45 (citing Staff Report at Table II—3). Most of the PVLT tires manufactured by domestic producers were directed to the replacement segment of the market.18 The fact that a substantial proportion of both domestically-produced PVLT tires and subject imports were sold in the larger replacement segment19 of the market supports the Commission’s conclusion that PVLT tires produced in the United States competed with tires produced in China.
ITG Voma and CRIA argue that the competition between subject imports and domestic tires was attenuated because the U.S. PVLT tire market was divided into distinct categories and subject imports did not compete with higher-category tires. See ITG Voma Rule 56.2 Br. 38-42; CRIA Rule 56.2 Br. 27-36. The argument of ITG Voma and CRIA is unavailing because the Commission reasonably found that the U.S. PVLT tire market was not divided into clear and distinct categories of tires based on brand, quality, and price. See Commission Views at 29-34. A majority of responding U.S. producers reported that the market was not divided into categories. See id. at 31 (citing Staff Report at II—11). Most importers and purchasers reported that the market was divided, but there was wide disagreement regarding the divisions in the market. See id. at 31-33. Aside from some agreement regarding top-tier PVLT *1355tires,20 the record contained conflicting information regarding the number of categories in the market, the characteristics that differentiated one category from another, where specific brands fell within these alleged categories, and the size of each category. See id. at 31-32 (citing Staff Report at II—11, App. D, Table II-4). The Commission recognized that PVLT tires in the market differed based on brand, quality, and price, but found that the conflicting information in the record did not warrant finding clear divisions in the market.21 See id. at 34. The Commission found that domestic PVLT tires and subject imports competed across product categories, regardless of how the categories of tires in the market are defined. See id. (citing Staff Report at App. D). Substantial evidence in the record supported the Commission’s finding that the market was not divided into clear and distinct categories of tires based on brand, quality, and price.
ITG Voma and CRIA assert that the competition in the U.S. PVLT tire market was based primarily on brand, rather than price. See ITG Voma Rule 56.2 Br. 38-42; CRIA Rule 56.2 Br. 27-36. The Commission recognized that brand influenced the prices that consumers were willing to pay for PVLT tires because “brand names communicate the quality and performance of the tire” and “consumers are willing to pay more for the perception of higher quality and performance levels.” Commission Views at 28 (citing Staff Report at II-34-11-35). Most purchasers reported, however, that brand is not an important factor in purchasing PVLT tires. See M. at 49 n.234 (citing Staff Report at Table II—11). Some consumers confirmed that they would pay a higher price for a better brand, but also stated that the importance of brand diminishes if the price gap is large.22 See icL The Commission also noted that PVLT tires marked with domestic producers’ brand names sometimes were manufactured domestically and other times were manufactured in China because domestic producers imported PVLT tires from China. See id. at 32 n.155, 34 n.164 (citing Staff Report at Tables III—9, E-l, and E-2). It was reasonable for the Commission to conclude that the competition in the market was based primarily on price due to the degree of substitutability among PVLT tires, the overlap in competition in the market, and the importance of price in purchasing PVLT tires.
The court holds, therefore, that the Commission’s findings regarding the conditions of competition in the U.S. PVLT *1356tire market were supported by substantial evidence.
c. The Commission’s Volume Determination
IT6 Voma argues that the Commission’s volume determination was not supported by substantial evidence because the volume and increase in volume of subject imports from China were not significant. See ITG Voma Rule 56.2 Br. 29-34. Defendant maintains that its volume determination was supported by substantial evidence. See Def. Resp. Br. 18-20.
The ITC is required to consider the volume of subject imports in determining whether a domestic industry has been materially injured. See 19 U.S.C. § 1677(7)(C)(i). When evaluating volume, the Commission must consider “whether the volume of imports of the merchandise, or any increase in that volume, either in absolute terms or relative to production or consumption in the United States, is significant.” 19 U.S.C. § 1677(7)(C)(i); see also Nucor Corp. v. United States, 414 F.3d 1331, 1335 (Fed. Cir. 2005). The statute does not define what is considered ‘significant’ because, “[f]or one industry, an apparently small volume of imports may have a significant impact on the market; for another, the same volume might not be significant.” See S. Rep. No. 96-249, at 88 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 474. The court will uphold the Commission’s volume determination unless it is unsupported by substantial evidence in the record. See Siemens Energy, Inc., 806 F.3d at 1369 (quoting 19 U.S.C. § 1516a(b)(l)(B)(i)).
The Commission found that the volume and increase in volume of subject imports from China was significant in absolute terms and relative to consumption and production in the United States. See Commission Views at 41-45. The volume of subject imports and domestic consumption increased progressively during the period of investigation,23 but the volume of subject imports increased at a much faster rate.24 See id. at 41-42 n.194-96 (citing Staff Report at Tables IV-6 and C-2). Subject imports benefitted from the increased consumption and nearly doubled their share of the domestic market,25 whereas domestic producers experienced an overall decline in shipments and loss of market share.26 See id. at 42 n.197. Domestic producers and importers of subject merchandise reported modest increases in shipments in the smaller OEM segment of the market.27 See Staff Report at Table II—3. In the larger replacement segment, domestic producers’ shipments declined by 4 million tires and *1357shipments of subject imports increased by 17 million tires. See id The replacement segment grew at a rate of 9.1 percent during the period of investigation and subject imports in that segment increased by 72.7 percent. See Commission Views at 45 (citing Staff Report at II—7). The Commission noted that the increasing presence of subject imports was apparent when considered relative to U.S. production.28 See id. at 42 n.198. The Commission also noted that non-subject imports’ share of the market declined during the period of investigation.29 See id. at 42 n.199, 44 n.208. The increase in volume of subject imports amounted to substantial evidence in the record that supported the Commission’s conclusion.
ITG Voma argues, however, that the Commission failed to explain why the volume of subject imports was significant in light of the domestic industry’s strong financial performance and capacity constraints. See ITG Voma Rule 56.2 Br. 29-38. The statute requires the Commission to determine “whether the volume of imports of the merchandise, or any increase in that volume, either in absolute terms or relative to production or consumption in the United States, is significant.” 19 U.S.C. § 1677(7)(C)(i). ITG Voma’s argument presumes incorrectly that the Commission is required by law to consider the domestic industry’s condition and financial performance in its volume analysis. Rather, the Commission must consider the domestic industry’s condition and financial performance when analyzing whether subject imports adversely impacted the domestic industry. See 19 U.S.C. § 1677(7)(C)(iii). The court will not “ask more of the Commission than required by the statute.” Altx, Inc. v. United States, 370 F.3d 1108, 1123 (Fed. Cir. 2004).
The court holds that the Commission’s volume determination was supported by substantial evidence.
d. The Commission’s Impact Determination
ITG Voma and CRIA challenge the Commission’s impact determination as unsupported by substantial evidence. See ITG Voma Rule 56.2 Br. 7-11, 14-27; CRIA Rule 56.2 Br. 6-22, 44-45. They argue that the Commission failed to consider a number of the statutory impact factors and failed to address detracting evidence in the record regarding the domestic industry’s overall health and strong financial performance throughout the period of investigation. See ITG Voma Rule 56.2 Br. 9-10, 14-34; CRIA Rule 56.2 Br. 7 n.2, 10-22, 44-45. Defendant contends that its impact determination was supported by substantial evidence. See Def. Resp. Br. 20, 24-43.
As part of the material injury analysis, the Commission must consider “the impact of [subject imports] on domestic producers of domestic like products, but only in the context of production operations within the United States.” 19 U.S.C. § 1677(7)(B)(i)(III). The statute specifies a number of factors that are relevant in determining whether subject imports have had an adverse impact on domestic producers:
(I) actual and potential decline in output, sales, market share, gross profits, operating profits, net profits, ability to service debt;< productivity, *1358return on investments, return on assets, and utilization of capacity,
(II) factors affecting domestic prices,
(III) actual and potential negative effects on cash flow, inventories, employment, wages, growth, ability to raise capital, and investment,
(IV) actual and potential negative effects on the existing development and production efforts of the domestic industry, including efforts to develop a derivative or more advanced version of the domestic like product, and
(V) in a proceeding under part II of this subtitle, the magnitude of the margin of dumping.
19 U.S.C. § 1677(7)(C)(iii). The Commission is directed to “evaluate all relevant economic factors ... within the context of the business cycle and conditions of competition that are distinctive to the affected industry.” 19 U.S.C. § 1677(7)(C)(iii). No single factor is dispositive and “the significance to be assigned to a particular factor is for the ITC to decide.” See S. Rep. No. 96-249, at 88 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 474.
Here, the Commission determined that subject imports had a significant adverse impact on the domestic industry. See Commission Views at 53-58. The Commission acknowledged that the domestic industry was increasingly profitable during the period of investigation due to increasing domestic consumption and declining raw material costs. See id. at 55. Operating income, gross profits, and net income all increased for the domestic industry.30 See id. at 55 n.250. The Commission explained, however, that this strong financial performance did not accurately represent the state of the domestic industry. Domestic producers experienced an overall decline in domestic shipments, net sales volume, net sales value, production, employment, and productivity.31 See id. at 55 (citing Staff Report at Table C-2). The U.S. PVLT market was growing, but the domestic industry’s stagnation resulted in a loss of market share.32 See id. Domestic producers made sizeable expenditures for capital improvements, research, and development in order to keep up with the increasing demand, expand capacity, and upgrade equipment; but these expenditures were to no avail, as production capacity declined *1359overall by the end of the period of investigation.33 See id. at 56. Even with the decline in production capacity, the Commission found that the domestic industry was not operating at full capacity and thus was capable of supplying the additional demand and consumption of PVLT tires.34 See id. at 57. The Commission reasoned that the domestic industry could have obtained additional revenue by using its available capacity to produce and sell more PVLT tires. See id. at 58. In light of the record evidence, the Commission’s determination that subject imports adversely impacted the domestic industry was reasonable. The Commission considered the statutory impact factors, explained its findings, and relied upon substantial evidence in the record to support the conclusion that the domestic industry was adversely impacted by subject imports.
ITG Voma and CRIA argue that the Commission’s impact analysis was not supported by substantial evidence because the Commission failed to consider new statutory impact factors added by the TPEA, specifically the domestic industry’s ability to service debt and return on assets. See ITG Voma Rule 56.2 Br. 9-11; CRIA Rule 56.2 Br. 7 n.2. The Commission considered the impact factors added by the TPEA in making its final determination. See Commission Views at 53 n.245. The statute requires the Commission to consider a number of factors in assessing the impact on the domestic industry. See 19 U.S.C. § 1677(7)(C)(iii). Other than highlighting the fact that the Commission did not provide a lengthy discussion, ITG Voma and CRIA have not supplied the court with any reason to believe that the Commission failed to consider the factors added by the TPEA in making its final determination. See 28 U.S.C. § 2639(a)(1) (providing that injury determinations made by the ITC are presumed to be correct and the burden of proving otherwise rests upon the challenging party). Consideration of a factor does not require an in-depth discussion of that factor and the court will not “ask more of the Commission than required by the statute.” Altx, Inc., 370 F.3d at 1123. ITG Voma asserts that the statute required the Commission to supply a more robust explanation. See ITG Voma Rule 56.2 Br. 10 (citing 19 U.S.C. § 1677f(i)(3)). The statutory provision that ITG Voma relies upon, however, is merely a codification of the Commission’s pre-existing requirement to support its final determination with substantial evidence in the record. See Timken U.S. Corp. v. United States, 421 F.3d 1350, 1354-57 (Fed. Cir. 2005).
ITG Voma and CRIA also argue that the Commission failed to address detracting evidence in the record regarding the domestic industry’s strong financial performance during the period of investigation. See ITG Voma Rule 56.2 Br. 14-27; CRIA Rule 56.2 Br. 10-15. To the extent that ITG Voma and CRIA argue that a profitable industry cannot be materially injured, the statute expressly proscribes the Commission from reaching such a conclusion. See 19 U.S.C. § 1677(7)(J).35 The *1360Commission acknowledged that the domestic industry was increasingly profitable, but noted that this was “not unexpected during a period of increasing apparent U.S. consumption and declining raw material costs for natural and synthetic rubber.” Commission Views at 55. The Commission reasonably decided to assign greater weight to other factors, which indicated that the domestic industry was in decline or in a state of stagnation when the PVLT tire market was growing. See id. at 55-56; see also S. Rep. No. 96-249, at 88 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 474 (“[T]he significance to be assigned to a particular factor is for the ITC to decide.”). According to the Commission’s analysis, the domestic industry could have been even more profitable.
CRIA argues that domestic producers shifted production to higher-value and more profitable PVLT tires and ceded their share of the market for lower-value PVLT tires. See CRIA Rule 56.2 Br. 36-39. This argument is unavailing because it assumes that higher-value domestically-produced PVLT tires do not compete with subject imports. As explained above, the Commission found substantial evidence in the record indicating that subject imports competed with PVLT tires across the market, regardless of differences in brand, quality, and price. See Commission Views at 34 (citing Staff Report at App. D). Subject imports were competitive with both higher-and lower-value domestic PVLT tires.
ITG Voma and CRIA argue that subject imports did not adversely impact the domestic industry because domestic producers already operated at full capacity during the period of investigation. See ITG Voma Rule 56.2 Br. 17-22; CRIA Rule 56.2 Br. 15-22. The Commission addressed this argument in its final determination and cited substantial evidence showing that the domestic industry had available capacity.36 The Commission noted that thq highest capacity utilization rate experienced during the period of investigation was considerably lower than the utilization rate of 96.3 percent achieved in 2004, which was the first year in the period of investigation for the section 421 safeguard proceeding. See M. at 57 n.266 (citing USITC Pub. 4085 at 16). Domestic producers confirmed that they had additional capacity'during the period of investigation, and USW reported that domestic production increased after the petitions were filed. See id. at 58. The record supported a finding that the domestic industry had available capacity to produce and sell more PVLT tires. ITG Voma and CRIA argue that whatever available capacity the domestic industry had was insufficient to supply the total increased demand for PVLT tires, see ITG Voma Rule 56.2 Br. 31-32; CRIA Rule 56.2 Br. 15-22, but this does not undermine the Commission’s finding that the domestic industry had unused available capacity.
ITG Voma argues that the Commission cannot rely on its price effects analysis to support its impact determination because the Commission found that subject imports did not depress or suppress prices of the *1361domestic like product to a significant degree. See ITG Voma Rule 56.2 Br. 27-28. ITG Voma’s argument fails for two reasons. First, ITG Voma’s argument misstates the Commission’s findings. In its price effects analysis, the Commission found that low-priced subject imports undersold the domestic like product significantly and there was an overall decline in domestic tire prices during the period of investigation, but there was insufficient evidence in the record for the Commission to conclude that subject imports depressed or suppressed prices. This did not amount to a finding that subject imports did not depress or suppress prices as ITG Voma claims. Rather, the Commission was unable to make a finding regarding price depression or suppression because it was unclear from the record whether it was the underselling or the decline in raw material costs that was responsible for lowering the prices of domestic tires. Second, ITG Voma’s argument presumes incorrectly that price depression or suppression is required to find that imports have had an adverse effect on domestic prices. The statute directs the Commission to consider price effects by separately considering whether there has been significant underselling and whether subject imports depressed or suppressed domestic prices to a significant degree. See 19 U.S.C. § 1677(7)(C)(ii). Although there was insufficient evidence in the record for the Commission to make a finding regarding price depression or suppression, the Commission found that the low-priced subject imports significantly undersold the domestic like product. This underselling resulted in loss of shipments and market share for domestic producers, even though domestic demand and consumption increased. The Commission concluded, therefore, that subject imports had an adverse effect on the price of domestic tires because significant underselling by subject imports put competitive pressure on the domestic industry. The Commission was not required to find price depression or suppression in order to find that subject imports adversely affected domestic prices. See Grupo Ind. Camesa v. United States, 85 F.3d 1577, 1582 (Fed. Cir. 1996); Cleo Inc. v. United States, 30 CIT 1380, 1396 (2006), aff'd, 501 F.3d 1291 (Fed. Cir. 2007). The Commission’s price effects analysis supported its determination that subject imports adversely impacted the domestic industry.
The court holds that the Commission’s impact determination was supported by substantial evidence.
e. The Commission’s Causation Determination
ITG Voma and CRIA argue that the Commission’s causation determination was unsupported by substantial evidence because any material injury incurred by the domestic industry was not attributable to imports of PVLT tires from China. See ITG Voma Rule 56.2 Br. 34-44; CRIA Rule 56.2 Br. 15-22, 36-44. Defendant argues that it relied upon substantial record evidence in determining that the domestic industry was materially injured by reason of subject imports. See Def. Resp. Br. 36-43.
The Commission must determine whether the injury to the domestic industry was “by reason of’ the subject imports. See 19 U.S.C. § 1671d(b)(l), 1673d(b)(l). Subject imports do not need to be the sole, principal, substantial, or significant cause of the material injury. See Nippon Steel Corp. v. U.S. Int’l Trade Comm’n, 345 F.3d 1379, 1381 (Fed. Cir. 2003); S. Rep. No. 96-249, at 57, 74 (1979), reprinted in 1979 U.S.C.C.A.N. 381, 443, 460. The causation element of the material injury analysis is satisfied “so long as the effects of [the subject imports] are not merely incidental, tangential, or trivial.” Nippon Steel Corp., 458 F.3d at 1357 (citing Gerald Metals, 132 F.3d at 721-22). The Commission *1362is not required “to employ any particular methodology for determining whether this causation element has been met.” See Bratsk Aluminium Smelter v. United States, 444 F.3d 1369, 1373 (Fed. Cir. 2006) (citing United States Steel Grp. v. United States, 96 F.3d 1352, 1361-62 (Fed. Cir. 1996)). “The Commission is simply required to give full consideration to the causation issue and to provide a meaningful explanation of its conclusions.” Mittal Steel Point Lisas Ltd. v. United States, 542 F.3d 867, 878 (Fed. Cir. 2008) (citing Bratsk, 444 F.3d at 1376).
The Commission found that there was a causal nexus between subject imports and the state of the domestic industry because subject imports were good substitutes for domestically-produced PVLT tires, the volume and increase in volume of subject imports were significant,37 subject imports undersold the domestic like product at significant margins,38 and competitive low-priced PVLT tires from China put pricing pressure on tires throughout the market and gained market share at the domestic industry’s expense.39 See id. at 53-58. The Commission also found that the domestic industry had available capacity, and the surge of subject imports prevented domestic producers from increasing production and selling more PVLT tires. See id. at 54-58. For these reasons, the Commission concluded that, “because of subject imports, the domestic industry had fewer shipments and consequently obtained lower revenues than it would have otherwise had.” Id. at 58.
The Commission also considered whether factors other than subject imports had an adverse impact on the domestic industry during the period of investigation, in order to ensure that the Commission was not attributing injury from other factors to the subject imports. See id. at 58-60. Demand and consumption did not adversely impact the domestic industry because both increased during the period of investigation. See id. at 58-59. Production costs did not adversely impact domestic producers because the cost of raw materials declined. See id. at 59. The Commission examined the role of non-subject imports, noting that Canada and Korea were the two largest sources of PVLT tires from non-subject countries. See id. at 59-60 (citing Staff Report at Table IV-3). Non-subject imports increased during the period of investigation, but their share of the market declined.40 See id. (citing Staff Report at Table C-2). Because non-subject imports *1363consisted predominantly of branded PVLT tires and were frequently priced higher than subject imports, the Commission reasoned that the domestic industry’s loss in market share and reduced shipments were adverse effects caused by subject imports. See id. at 59-60. The Commission determined, therefore, that the domestic industry was materially injured by reason of subject imports. See id. at 60. The court finds that substantial evidence in the record supported the Commission’s causation determination.
ITG Voma and CRIA claim that the Commission improperly analyzed whether imports from non-subject countries caused the material injury. See ITG Voma Rule 56.2 Br. 42-44; CRIA Rule 56.2 Br. 39^14. The court will affirm the Commission’s causation determination if it considered other potential causes of harm to the domestic industry and provided a reasonable explanation that the harm was attributable to the imports under investigation. See Mittal Steel, 542 F.3d at 878 (citing Bratsk, 444 F.3d at 1376). The Commission considered factors other than subject imports and reasonably explained that non-subject imports were not the cause of the injury to the domestic industry because non-subject imports consisted of predominantly branded tires, were frequently priced higher than subject imports, and lost market share during the period of investigation. See Commission Views at 59-60. ITG Voma argues nonetheless that the record required the Commission to find that non-subject imports caused the alleged injury to the domestic industry because the increased volume of non-subject imports matched the domestic industry’s decline in U.S. shipments over the period of investigation. See ITG Voma Rule 56.2 Br. 43. Without evidence .of a causal nexus between the increased volume of non-subject imports and the decline in the domestic industry’s U.S. shipments, ITG Voma fails to demonstrate that the Commission’s determination was unsupported by substantial evidence. CRIA argues that the absence of subject imports would have resulted in an increase of non-subject imports rather than an increase in domestic production. See CRIA Rule 56.2 Br. 39-44. CRIA’s argument implies that the Commission was required to explain why eliminating subject imports would benefit the domestic industry and would not result in non-subject imports replacing the role of subject imports in the market. The Commission reasonably found, however, that it was not required to engage in a counterfactual analysis in this case. See Commission Views at 38-40; see also Mittal Steel, 542 F.3d at 877-79 (clarifying the analysis required in Bratsk); Bratsk, 444 F.3d at 1373 (explaining that a counterfac-tual analysis is required when “commodity products are at issue and fairly traded, price competitive, non-subject imports are in the market”). The Commission’s analysis adequately addressed whether the material injury to the domestic industry was attributable to imports from non-subject countries.
ITG Voma and CRIA may disagree with the Commission’s weighing of the record evidence, but are unable to show that the Commission’s injury, determination was unsupported by substantial evidence. Without a showing of a lack of substantial evidence, the court may not reweigh the evidence and will not disturb the conclusion reached by the agency. See Downhole Pipe & Equip., L.P. v. United States, 776 F.3d 1369, 1377 (Fed. Cir. 2015) (quoting Trent Tube Div., Crucible Materials Corp. v. Avesta Sandvik Tube AB, 975 F.2d 807, 815 (Fed. Cir. 1992)). The court holds, therefore, that substantial evidence supported the Commission’s determination that the domestic industry was materially injured by reason of subject imports.
*1364CONCLUSION
For the foregoing reasons, the court concludes that: (1) the Commission did not deprive ITG Voma of due process; (2) the Commission’s findings regarding competition in the U.S. PVLT tire market were supported by substantial evidence; (3) the Commission’s volume determination was supported by substantial evidence; (4) the Commission’s impact determination was supported by substantial evidence; and (5) the Commission’s causation determination was supported by substantial evidence. Therefore, the court sustains the Commission’s final determination in all respects and denies the Rule 56.2 motions for judgment on the agency record filed by ITG Voma and CRIA.
Judgement will be entered accordingly..
. Prior to the commencement of the anti-dumping and countervailing duty investigations at issue in this case, USW filed a petition with the ITC requesting a safeguard investigation of PVLT tires from China pursuant to section 421 of the Trade Act of 1974. See Certain Passenger Vehicle and Light Truck Tires From China, 74 Fed. Reg. 19,593 (Int'l Trade Comm'n Apr. 29, 2009) (institution and scheduling of a hearing). The Commission determined that PVLT tires were being imported between 2004 and 2008 from China into the United States in such increased quantities or under such conditions as to cause or threaten to cause market disruption, and recommended that the President impose additional duties on imports of PVLT tires from China for a three-year period. See Certain Passenger Vehicle and Light Truck Tires From the People's Republic of China, 74 Fed. Reg. 34,363 (Int’l Trade Comm’n July 15, 2009). The President provided the domestic industry with import relief from Chinese PVLT tires by imposing additional duties on imports for a period of three years in the amount of 35 percent ad valorem in the first year, 30 percent ad valorem in the second year, and 25 percent ad valorem in the third year, effective September 26, 2009. See Proclamation No. 8414, 74 Fed. Reg. 47,861 (Sept. 14, 2009). The section 421 safeguard measures expired on September 26, 2012 and were not renewed.
. The ITC obtained information regarding the domestic industry from questionnaire re*1345sponses submitted by nine U.S. producers of PVLT tires, which accounted for all known domestic production of PVLT tires during the period of investigation. See Commission Views at 4 (citing Staff Report at I—1). Thirty-seven companies submitted Import data in questionnaire responses, which collectively accounted for [[]] percent of imported PVLT tires from China and [[]] percent of all imports of PVLT tires during the final year in the period of investigation. See icL at 4 (citing Staff Report at IV-1). The Commission also collected data from questionnaire responses submitted by 48 foreign exporters and producers whose production accounted for [[]] percent of total PVLT tire production in China and whose exports accounted for [[]] percent of PVLT tires imported from China during 2014. See id. at 4-5 (citing Staff Report at VII-5). The ITC held a public hearing on June 9, 2015, see Staff Report at 1-1, and received pre-and post-hearing briefs from importers, purchasers, and producers of PVLT tires who participated in the investigation. See Commission Views at 4.
.Vice Chairman Dean A. Pinkert and Commissioners Irving A. Williamson and Rhonda K. Schmidtlein voted in the affirmative determining that the domestic PVLT tire industry was materially injured by reason of subject imports, while Chairman Meredith M. Broad-bent and Commissioners David S. Johanson and F. Scott Kieff voted in the negative. See Commission Views at 3 n.l. By statute, "[i]f the Commissioners voting on a determination by the Commission ... are evenly divided as to whether the determination should be affirmative or negative, the Commission shall be deemed to have made an affirmative determination.” 19 U.S.C. § 1677(11) (2015); see also Gerald Metals, Inc. v. United States, 132 F.3d 716, 718 (Fed. Cir. 1997).
. Expressly excluded from the investigations were (1) racing car tires, (2) certain tire sizes, (3) tires that are not new, including recycled and retreaded tires, (4) non-pneumatic tires, (5) tires designed and marketed exclusively as temporary spare tires, (6) tires designed and marketed exclusively for specialty use, and (7) tires designed and marketed exclusively for off-road use. See Commission Views at 7 n.15.
. The U.S. producers of PVLT tires are Bridgestone, Continental, Cooper, Goodyear, Michelin, Pirelli, Specialty Tires, Toyo, and Yokohama. See Commission Views at 12. Vice Chairman Pinkert and Commissioners Williamson and Schmidtlein found that [[ ]] should be excluded from the domestic industry as a related party because “[[]] had a [[]] ratio of subject imports to domestic production, indicating that its principal interest is importing rather than domestic production.” Id. at 18-19 n.79. The three Commissioners noted, however, that including or excluding *1346[[]] from the domestic industry would not alter their conclusions regarding material injury. See id.
. During the period of investigation, (1) the cost of ribbed smoked sheets declined by 58 percent, (2) the cost of technically specified rubber (a general purpose natural rubber) declined by 59.4 percent, (3) the cost of styrene butadiene rubber declined by 22.2 percent, and (4) spot prices for crude oil declined by 8.3 percent. See Commission Views at 35 n.169 (citing Staff Report at V-l and Figure V-l). The ratio of raw material costs to the total cost to manufacture PVLT tires declined from 56.8 percent in 2012 to 52.6 percent in 2014. See id. at 34 (citing Staff Report at V-1).
. Further citations to Title 28 of the U.S. Code are to the 2012 edition.
. Further citations to the Tariff Act of 1930, as amended, are to the relevant provisions of Title 19 of the U.S. Code, 2015 edition.
. In relevant part, the amended statute requires the ITC to evaluate "gross profits, operating profits, net profits, ability to service debt, ... [and] return on assets” in considering the impact on the domestic industry. See 19 U.S.C. § 1677(7)(C)(iii)(I). The amended statute additionally proscribes the ITC from reaching a negative material injury determination "merely because the [domestic] industry is profitable or because the performance of that industry has recently improved.” 19 U.S.C. § 1677(7)(J).
. Section 503 of the TPEA is silent regarding the effective date for the amendments made to the Commission’s material injury analysis. The default rule in such a situation is that the effective date is the date of enactment. See Gozlon-Peretz v. United States, 498 U.S. 395, 404, 111 S.Ct. 840, 112 L.Ed.2d 919 (1991) ("It is well established that, absent a clear direction by Congress to the contrary, a law takes effect on the date of its enactment.”); see also Ad Hoc Shrimp Trade Action Comm., 802 F.3d 1339, 1348-52 (Fed. Cir. 2015) (determining that section 502 of the TPEA applies to determinations made on or after the *1350date of enactment). Section 503 of the TPEA thus went into effect on June 29, 2015. Neither ITG Voma nor CRIA argues that the ITC was required to apply the pre-TPEA version of 19 U.S.C. § 1677.
. PVLT tires are made of "approximately 40 percent rubber (natural and synthetic) by weight, 28 percent carbon black reinforcement, 17 percent reinforcing fabric body ply and other additives, and 15 percent steel (belts and bead wire)." Staff Report at 1-17.
. The basic components of PVLT tires in-elude an inner liner, body ply, sidewall beads, belt package, and tread. See Commission Views at 9 (citing Staff Report I—17—I—21).
. The Commission defined 'branded' tires as "those produced or packaged for sale under the name of the manufacturer of the tire or a brand name owned by that manufacturer.” Commission Views at 27-28 (citing Staff Report at III—21 n.27). The Commission defined 'private-label' tires as "those that are produced or packaged for sale under a name other than the manufacturer's name or a brand name owned by that manufacturer.” Id.
. PVLT tires in the OEM segment are sold to manufacturers for mounting on new vehicles or trucks, and PVLT tires in the replacement segment are sold to distributors and retailers for replacing existing tires on a vehicle. See Commission Views at 21 (citing Staff Report at II—1).
.Between [[]] and [[]] percent of the PVLT tires sold in the OEM segment of the market during the period of investigation were manufactured by domestic producers. See Staff Report at Table II—1. Between [[]] and [[]] percent were manufactured by non-subject producers. See id. Imports from China were responsible for between [[]] and [[]] percent of the PVLT tires sold in the OEM segment. See id.
. The replacement segment accounted for approximately [[ ]] percent and the OEM segment accounted for approximately [[]] percent of the U.S. market. See Commission Views at 21 (citing Staff Report at Table II—3). The record evidence indicated that the replacement segment was growing, given that "[t]he average age of U.S. vehicles on the road increased by almost 18 percent over the past decade.” Id. at 21-22 (citing Staff Report at 4).
. Shipments to the OEM segment of the market accounted for slightly more than 25 percent of domestic producers’ total U.S. shipments and about 20 percent of domestic producers’ total production. See Staff Report at Tables II-3 and III-5.
. Shipments to the replacement segment of the market accounted for slightly less than 75 percent of domestic producers' total U.S. shipments and about 55 percent of domestic producers' total production. See Staff Report at Tables II-3 and III-5.
. Shipments to the replacement segment of the market accounted for slightly less than 75 percent of all PVLT tires imported from China. See Staff Report at Tables II—3 and IV-2.
. Parties that responded to questionnaires agreed that top-tier PVLT tires possessed the following characteristics: "higher price, better/premium quality, strong and sophisticated marketing and retail programs, brand recognition, mileage warranty, major original equipment manufacturers, and high level of technology.” Commission Views at 32 n.154. Responding parties most frequently identified Bridgestone, Continental, Goodyear, Michelin, and Pirelli as suppliers of top-tier tires. See id. at 32 n.155 (citing Staff Report at II-12 and App. D).
. The Commission also noted that it previously confronted this issue and reached the same conclusion in the section 421 investigation that investigated subject imports between 2004 and 2008. See Commission Views at 30 (fifing Certain Passenger Vehicle and Light Truck Tires From China, USITC Pub. 4085 at 21, Inv. No. TA-421-7 (July 2009), available at https://www.usitc.gov/publications/ safeguards/pub4085.pdf (last visited July 10, 2017)).
.Subject imports undersold domestic tires with sizeable and increasing margins throughout the period of investigation. See Commission Views at 46. According to pricing data obtained for six PVLT tire products, the Commission found that "subject imports undersold the domestic like product in 72 of 72 possible quarterly comparisons, or 100 percent of the time, at margins reaching as high as [[]] percent and averaging [[]] percent.” Id. (citing Staff Report at Tables V-5V-10).
. A total of 31.4 million tires were imported from China in 2012 and 58.0 million tires were imported from China in 2014. See Commission Views at 41 n.194 (citing Staff Report at Tables IV-6 and C-2). Domestic consumption increased from 274.3 million tires in 2012 to 301.0 million tires in 2014. See id. at 41 n.195.
. Domestic consumption increased at an overall rate of 9.7 percent during the period of investigation, whereas subject imports increased at an overall rate of 84.3 percent. See Commission Views at 41-42 n.196 (citing Staff Report at Table C-2).
. Subject imports increased their share of the market from 11.5 percent in 2012 to 19.3 percent in 2014, for an overall increase of 7.8 percent. See Commission Views at 42 n.198 (citing Staff Report at Tables IV-6 and C-2).
. Shipments of domestically-produced PVLT tires declined from [[]] tires in 2012 to [[]] tires in 2014, for an overall decline of [[]] percent. See Commission Views at 42 n.197 (citing Staff Report at Table C-2). Domestic producers' share of the market declined from [[]] percent in 2012 to [[]] percent in 2014, for an overall loss of [[ ]] percent. See id. at 42 n.199 (citing Staff Report at Table C-2).
. Domestic producers increased shipments by 800,000 tires and importers of subject merchandise increased shipments by 27,000 tires. See Staff Report at Table II—3.
. "The ratio of subject imports to domestic production was [[]] percent in 2012, [[]] percent in 2013, and [[]] percent in 2014.” See Commission Views at 42 n.198 (citing Staff Report at Table C-2).
. The volume of PVLT tires imported from non-subject countries increased slightly, but the share of non-subject imports in the market fell from 41.9 percent in 2012 to 38.8 percent in 2014. See Commission Views at 42 n.199, 44 n.208 (citing Staff Report at Tables II—3 and C-2).
. Operating income increased from $[[]] in 2012 to $[[]] in 2014, gross profits increased from [[]] percent in 2012 to [[]] percent in 2014, and net income increased from $[[]] in 2012 to $[[]] in 2014. See Commission Views at 55 n.250 (citing Staff Report at Table C-2).
. U.S. shipments declined from [[]] tires in 2012 to [[]] tires in 2014. See Commission Views at 55 n.252 (citing Staff Report at Table C-2). Net sales volume was [[]] tires in 2012 and [[]] tires in 2014. See id. at 55 n.253 (citing Staff Report at Table C-2). Net sales value was $[[]] in 2012 and $[[]] in 2014. See id. at 55 n.254 (citing Staff Report at Table C-2). Domestic production declined from [[]] tires in 2012 to [[ ]] tires in 2014. See id. at 55 n.255 (citing Staff Report at Table C-2). Hourly wages for employees increased, but the average number of production and related workers employed declined from [[]] in 2012 to [[]] in 2014. See id, at 55 n.256 (citing Staff Report at Table C-2). Productivity was [[ ]] PVLT tires per hour in 2012 and [[ ]] tires per hour in 2014. See id.
.Domestic consumption of PVLT tires increased at an overall rate of 9.7 percent during the period of investigation. See Commission Views at 42 n.196 (citing Staff Report at Table C-2). The record indicated that the larger replacement segment of the market was continuing to grow as "[t]he average age of U.S. vehicles on the road increased by almost 18 percent over the past decade." Commission Views at 21-22 (citing Staff Report at II-4). Despite this growth, the domestic industry’s share of the market fell from [[ ]] percent in 2012 to [[]] percent in 2014. See Commission Views at 55 n.257 (citing Staff Report at Table C-2).
. The domestic industry incurred a total of over $[[]] in capital expenditures and approximately $[[]] in research and development expenses during the period of investigation. See Commission Views at 56 n.259 (citing Staff Report at Tables VI-4 and C-2).
. The highest capacity utilization rate achieved during the period of investigation was [[]] percent in 2012. See Commission Views at 57 n.264 (citing Staff Report at Table C-2).
.“The Commission may not determine that there is no material injury or threat of material injury to an industry in the United States merely because that industry is profitable or because the performance of that industry has recently improved.’’ 19 U.S.C. § 1677(7)(J).
. The Commission observed the following regarding the domestic industry's capacity utilization during the period of investigation:
The domestic industry’s capacity utilization declined from [[]] percent in 2012 to [[]] percent in 2013 when subject imports surged into the U.S. market after the safeguard measure expired, so in 2013 the domestic industry did not operate at the higher level that it had achieved in 2012. After the petitions in these investigations were filed in June 2014 and the monthly volume of subject imports from China declined between July and December 2014, the domestic industry was able to increase its capacity utilization for full-year 2014 to [[]] percent.
Commission Views at 57 (internal footnotes omitted).
. The Commission noted that information in the record suggested that the surge of subject imports following the expiration of the section 421 safeguard measure stymied the domestic industry's expansion efforts. See Commission Views at 56 n.262. The volume of subject imports steadily increased until the antidump-ing and countervailing duty petitions were filed in 2014, at which point domestic producers were able to increase production, capacity expansion plans, and new product launches. See Commission Views at 57-58.
. As noted earlier in this opinion, the Commission found that "subject imports undersold the domestic like product in 72 of 72 possible quarterly comparisons, or 100 percent of the time, at margins reaching as high as [[]] percent and averaging [[]] percent." Commission Views at 46 (citing Staff Report at Tables V-5-V-10).
. Subject imports increased their share of the market from 11.5 percent in 2012 to 19.3 percent in 2014, while domestic producers’ market share declined from [[]] percent in 2012 to [[]] percent in 2014. See Commission Views at 42 n. 198-99 (citing Staff Report at Table C-2).
. PVLT tire imports from non-subject countries increased from 114.9 million tires in 2012 to 116.8 million tires in 2014, but their market share declined from 41.9 percent in 2012 to 38.8 percent in 2014. See Commission Views at 60 n.273 (citing Staff Report at Table C-2).