Benelux: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Benelux

In 2022, after two years of decline, there was significant growth in the Benelux high-tenacity filament aramids yarn market, when its value increased by 122% to $X. Over the period under review, consumption posted a resilient expansion. 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 Aramids in Benelux

In value terms, high-tenacity filament aramids yarn production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 394% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Benelux

In 2022, after four years of growth, there was significant decline in overseas shipments of high-tenacity filament yarn of aramids, when their volume decreased by -72.8% to X tons. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 399% against the previous year. The volume of export peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, high-tenacity filament aramids yarn exports reduced sharply to $X in 2022. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 558%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Belgium was the major exporter of high-tenacity filament yarn of aramids in Benelux, with the volume of exports recording X tons, which was near 66% of total exports in 2022. The Netherlands (X tons) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by Luxembourg (7.1%).

Belgium was also the fastest-growing in terms of the high-tenacity filament yarn of aramids exports, with a CAGR of +134.3% from 2012 to 2022. Luxembourg (-7.0%) and the Netherlands (-21.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Luxembourg increased by +66 and +2.3 percentage points, respectively.

In value terms, Belgium ($X) remains the largest high-tenacity filament aramids yarn supplier in Benelux, comprising 71% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports.

In Belgium, high-tenacity filament aramids yarn exports increased at an average annual rate of +149.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-21.8% per year) and Luxembourg (-9.7% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Benelux

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported in Benelux; declining by -19.6% against the year before. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 86% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports declined significantly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of high-tenacity filament yarn of aramids, generating 63% of total imports. Belgium (X tons) held the second position in the ranking, followed by Luxembourg (X tons). All these countries together took near 37% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament aramids yarn imports into the Netherlands stood at +20.4%. At the same time, Belgium (+46.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +46.3% from 2012-2022. By contrast, Luxembourg (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Belgium increased by +40 and +19 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in Benelux, comprising 57% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +16.0%. In the other countries, the average annual rates were as follows: Belgium (+73.4% per year) and Luxembourg (-7.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, picking up by 3.2% against the previous year. Overall, the import price, however, saw a slight decrease. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform