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

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

In 2021, the Australian high-tenacity filament polyester yarn market increased by 4.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a pronounced downturn. High-tenacity filament polyester yarn consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Australia

For the third year in a row, Australia recorded decline in shipments abroad of high-tenacity filament yarn of polyesters, which decreased by -19.2% to X kg in 2021. Over the period under review, exports saw a significant decrease. The pace of growth was the most pronounced in 2018 with an increase of 3,764% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports shrank to $X in 2021. In general, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 3,099%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg), Taiwan (Chinese) (X kg) and South Africa (X kg) were the main destinations of high-tenacity filament polyester yarn exports from Australia, with a combined 76% share of total exports. These countries were followed by Malaysia, Thailand, Singapore, Canada and New Zealand, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +26.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Australia, comprising 79% of total exports. The second position in the ranking was held by China ($X), with a 5.1% share of total exports. It was followed by Taiwan (Chinese), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.5% per year) and Taiwan (Chinese) (-25.5% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, picking up by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Australia

High-tenacity filament polyester yarn imports into Australia reduced to X tons in 2021, dropping by -14.6% against the previous year's figure. Over the period under review, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of 68%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports rose remarkably to $X in 2021. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Australia, with a 65% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.5% per year) and Germany (+9.8% per year).

In value terms, the largest high-tenacity filament polyester yarn suppliers to Australia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together comprising 75% of total imports. These countries were followed by Indonesia and Saudi Arabia, which together accounted for a further 6.6%.

Indonesia, with a CAGR of +26.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, surging by 28% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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