Australia: 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 Australia

The Australian high-tenacity filament nylon yarn market skyrocketed to $X in 2022, rising by 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Australia

In 2022, high-tenacity filament nylon yarn exports from Australia contracted markedly to X kg, which is down by -85.4% on 2021. Overall, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2015 when exports increased by 1,725%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports soared to $X in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 591% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X kg), Papua New Guinea (X kg) and New Zealand (X kg) were the main destinations of high-tenacity filament nylon yarn exports from Australia.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of -47.7%), while shipments for the other leaders experienced a decline.

In value terms, Slovenia ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Australia, comprising 69% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia stood at -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-12.4% per year) and New Zealand (-31.7% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, growing by 743% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Papua New Guinea ($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 Slovenia (+116.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides imported into Australia surged to X tons, picking up by 37% against the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament nylon yarn imports soared to $X in 2022. Overall, imports saw tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of high-tenacity filament nylon yarn to Australia, accounting for a 91% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+29.4% per year) and Germany (-22.9% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Australia, comprising 89% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.4% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+32.7% per year) and Germany (-21.5% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, with an increase of 9.6% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 nylon yarn import price increased by +67.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 23%. The import price peaked in 2022 and is likely to see gradual 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 Taiwan (Chinese) ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :