Belgium: 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 Belgium

In 2022, the Belgian high-tenacity filament nylon yarn market increased by 1.1% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Belgium

In value terms, high-tenacity filament nylon yarn production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

Exports from Belgium

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -63.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 907%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports contracted dramatically to $X in 2022. In general, exports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 748% against the previous year. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Belgium, together accounting for 80% of total exports. Romania, Spain, Latvia and the Netherlands lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Romania ($X) were the largest markets for high-tenacity filament nylon yarn exported from Belgium worldwide, with a combined 79% share of total exports. Italy, Spain, Latvia and the Netherlands lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, Latvia, with a CAGR of +57.2%, recorded the highest growth rate of the value of exports, 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, growing by 17% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +64.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+43.2%), 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 Belgium

In 2022, overseas purchases of high-tenacity filament yarn of nylon or other polyamides decreased by -24.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 65%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports dropped remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Belgium, accounting for a 48% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+101.8% per year) and Germany (-9.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Belgium, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Turkey, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.2% per year) and Turkey (+24.5% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, increasing by 8.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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