Belarus: 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 Belarus

In 2022, the Belarusian high-tenacity filament nylon yarn market increased by 179% to $X, rising for the sixth year in a row after two years of decline. In general, consumption continues to indicate a resilient increase. 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 Nylon Or Other Polyamides in Belarus

In value terms, high-tenacity filament nylon yarn production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from Belarus

High-tenacity filament nylon yarn exports from Belarus dropped sharply to X tons in 2022, which is down by -50.6% compared with 2021 figures. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports reduced dramatically to $X in 2022. In general, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Russia (X tons) and Lithuania (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Belarus, together comprising 56% of total exports. Turkey, Georgia, the Czech Republic and India lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +85.3%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Russia ($X) and Lithuania ($X) were the largest markets for high-tenacity filament nylon yarn exported from Belarus worldwide, together comprising 60% of total exports. Turkey, the Czech Republic, Georgia and India lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +85.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, with an increase of 33% against the previous year. Over the period under review, export price indicated a mild expansion 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 export price increased by +77.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% 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 years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to India ($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 Georgia (+12.3%), 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 Belarus

In 2022, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides increased by 84% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Belarus, together accounting for 99.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +52.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Belarus, comprising 60% of total imports. The second position in the ranking was held by Turkey ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-17.8% per year) and Russia (+40.8% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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