Australia: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Australia

The Australian high-tenacity filament aramids yarn market fell slightly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, saw a prominent expansion. High-tenacity filament aramids yarn consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Australia

In value terms, high-tenacity filament aramids yarn production dropped slightly to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 72%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Australia

In 2022, exports of high-tenacity filament yarn of aramids from Australia dropped to X kg, falling by -10.2% compared with 2021. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 1,345%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports declined to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 12,205%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for high-tenacity filament aramids yarn exports from Australia, with a 83% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Singapore exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold. The third position in this ranking was held by New Zealand (X kg), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-33.8% per year) and New Zealand (-23.8% per year).

In value terms, Singapore ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Australia, comprising 89% of total exports. The second position in the ranking was taken by China ($X), with a 4.6% share of total exports. It was followed by India, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.8% per year) and India (-14.0% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, picking up by 4.4% against the previous year. In general, the export price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 751% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Australia

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported into Australia; waning by -25.9% on the year before. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 65% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports dropped to $X in 2022. In general, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 85% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to Australia, together comprising 82% of total imports. Japan, France, Thailand and China lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +48.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn suppliers to Australia were the Netherlands ($X), the United States ($X) and Japan ($X), together comprising 75% of total imports. The UK, France, Thailand and China lagged somewhat behind, together accounting for a further 24%.

France, with a CAGR of +29.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, jumping by 19% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament aramids yarn import price increased by +17.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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