Benelux: 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 Benelux

In 2022, the Benelux high-tenacity filament nylon yarn market increased by 2.3% to $X, rising for the fifth year in a row after four years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +65.4% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

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

In value terms, high-tenacity filament nylon yarn production stood at $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Benelux

After two years of growth, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by -57.1% to X tons in 2022. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 145%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, high-tenacity filament nylon yarn exports reduced remarkably to $X in 2022. In general, exports, however, saw a tangible expansion. The growth pace was the most rapid in 2014 with an increase of 137%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the main exporter of high-tenacity filament yarn of nylon or other polyamides, creating 84% of total exports. It was distantly followed by Belgium (X tons), comprising a 16% share of total exports.

The Netherlands was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides exports, with a CAGR of +2.1% from 2012 to 2022. Belgium experienced a relatively flat trend pattern. The Netherlands (+7.4 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest high-tenacity filament nylon yarn supplier in Benelux, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports.

In the Netherlands, high-tenacity filament nylon yarn exports increased at an average annual rate of +3.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 31%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%).

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

Imports in Benelux

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides imported in Benelux fell rapidly to X tons, which is down by -36.4% compared with the year before. In general, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of 80%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports shrank rapidly to $X in 2022. Overall, imports showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

The Netherlands represented the major importer of high-tenacity filament yarn of nylon or other polyamides in Benelux, with the volume of imports finishing at X tons, which was near 45% of total imports in 2022. It was distantly followed by Luxembourg (X tons) and Belgium (X tons), together constituting a 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of -0.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest high-tenacity filament nylon yarn importing markets in Benelux were Luxembourg ($X), the Netherlands ($X) and Belgium ($X).

Among the main importing countries, Belgium, with a CAGR of +0.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, picking up by 16% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 import price increased by +52.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform