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

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

After two years of decline, the Austrian high-tenacity filament polyester yarn market increased by 59% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Polyesters in Austria

In value terms, high-tenacity filament polyester yarn production totaled $X in 2021 estimated in export price. In general, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 100%. High-tenacity filament polyester yarn production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Austria

In 2021, high-tenacity filament polyester yarn exports from Austria shrank remarkably to X tons, which is down by -27.4% against the year before. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 561%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports amounted to $X in 2021. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 348% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for high-tenacity filament polyester yarn exports from Austria, accounting for a 65% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+32.6% per year) and Spain (+121.9% per year).

In value terms, Germany ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Austria, comprising 65% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total exports. It was followed by Poland, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+56.3% per year) and Poland (+30.5% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, increasing by 52% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 208% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to France ($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 Poland (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Austria

In 2021, imports of high-tenacity filament yarn of polyesters into Austria soared to X tons, jumping by 25% on the year before. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 36%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

In 2021, Spain (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Austria, with a 41% share of total imports. Moreover, high-tenacity filament polyester yarn imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and France (+21.0% per year).

In value terms, Spain ($X), Germany ($X) and France ($X) appeared to be the largest high-tenacity filament polyester yarn suppliers to Austria, with a combined 76% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +25.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, with an increase of 21% against the previous year. Overall, the import price, however, saw a pronounced downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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