Argentina: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Argentina

The Argentinian high-tenacity filament nylon yarn market dropped to $X in 2022, which is down by -7.3% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Argentina

In value terms, high-tenacity filament nylon yarn production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 20% against the previous year. High-tenacity filament nylon yarn production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Argentina

In 2022, overseas shipments of high-tenacity filament yarn of nylon or other polyamides were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 32%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports expanded notably to $X in 2022. In general, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for high-tenacity filament nylon yarn exports from Argentina, with a 90% share of total exports. It was followed by Colombia (X tons), with a 2.9% share of total exports. The third position in this ranking was held by Belgium (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-12.1% per year) and Belgium (+8.0% per year).

In value terms, Brazil ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Argentina, comprising 95% of total exports. The second position in the ranking was held by Colombia ($X), with a 2.2% share of total exports. It was followed by India, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-15.5% per year) and India (-10.3% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, dropping by -11.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 24%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Argentina

In 2022, purchases abroad of high-tenacity filament yarn of nylon or other polyamides increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 52%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports surged to $X in 2022. Overall, imports, however, recorded a noticeable downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Turkey (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Argentina, with a combined 100% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +58.4%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Argentina, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Turkey (+57.6% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, jumping by 79% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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