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

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

The Belgian high-tenacity filament polyester yarn market soared to $X in 2021, jumping by 36% 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Belgium

In 2021, the amount of high-tenacity filament yarn of polyesters exported from Belgium expanded rapidly to X tons, growing by 8.2% on 2020. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Belgium, with a combined 76% share of total exports. These countries were followed by the Czech Republic, Italy, Spain and Luxembourg, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Czech Republic ($X) appeared to be the largest markets for high-tenacity filament polyester yarn exported from Belgium worldwide, together accounting for 78% of total exports. The Netherlands, Italy, Spain and Luxembourg lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Spain, with a CAGR of +10.5%, saw the highest rates of growth with regard to 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

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, surging by 18% against the previous year. In general, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Spain ($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 France (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Belgium

In 2021, purchases abroad of high-tenacity filament yarn of polyesters increased by 16% to X tons, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 26% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 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 Belgium, accounting for a 58% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and South Korea (+3.5% per year).

In value terms, the largest high-tenacity filament polyester yarn suppliers to Belgium were China ($X), Germany ($X) and Spain ($X), with a combined 84% share of total imports. South Korea, Vietnam, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Vietnam, with a CAGR of +2,149.2%, recorded the highest rates of growth with regard to 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, picking up by 9% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :