Benelux: Aramids Staple Market 2024

Aramids Staple Market Size in Benelux

In 2021, the Benelux aramids staple market decreased by -1.4% to $X, falling for the second consecutive year after five years of growth. Overall, consumption, however, saw a strong expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aramids Staple Production in Benelux

In value terms, aramids staple production soared to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 72%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Aramids Staple Exports

Exports in Benelux

In 2021, aramids staple exports in Benelux surged to X tons, rising by 40% against the year before. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 743%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, aramids staple exports soared to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,143% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium was the main exporter of aramids staple in Benelux, with the volume of exports amounting to X tons, which was near 86% of total exports in 2021. It was distantly followed by the Netherlands (X tons), making up a 14% share of total exports.

Belgium was also the fastest-growing in terms of the aramids staple exports, with a CAGR of +220.3% from 2012 to 2021. The Netherlands (-6.9%) illustrated a downward trend over the same period. While the share of Belgium (+86 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-86.1 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest aramids staple supplier in Benelux, comprising 90% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium totaled +282.6%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, with an increase of 2.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 48% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.5%).

Aramids Staple Imports

Imports in Benelux

For the tenth consecutive year, Benelux recorded growth in purchases abroad of aramids staple, which increased by 15% to X tons in 2021. In general, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 194%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, aramids staple imports surged to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 205%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belgium (X tons) represented the major importer of aramids staple, committing 77% of total imports. It was distantly followed by the Netherlands (X tons), achieving a 23% share of total imports.

Belgium was also the fastest-growing in terms of the aramids staple imports, with a CAGR of +114.3% from 2012 to 2021. At the same time, the Netherlands (+18.5%) displayed positive paces of growth. While the share of Belgium (+77 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-68.7 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported aramids staple in Benelux, comprising 81% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +102.4%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 7.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.7%).

Source: IndexBox Platform