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

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

The Benelux high-tenacity filament polyester yarn market surged to $X in 2021, growing by 46% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.2% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Benelux

In value terms, high-tenacity filament polyester yarn production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 1,443%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Benelux

High-tenacity filament polyester yarn exports stood at X tons in 2021, surging by 5% on 2020 figures. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 33%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the two major exporters of high-tenacity filament yarn of polyesters, namely the Netherlands and Belgium, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +1.8%).

In value terms, the largest high-tenacity filament polyester yarn supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +1.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, increasing by 15% against the previous year. In general, the export price, however, showed a mild downturn. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Benelux

High-tenacity filament polyester yarn imports surged to X tons in 2021, increasing by 18% compared with 2020 figures. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.7% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 34%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) and Belgium (X tons) represented the major importers of high-tenacity filament yarn of polyesters in Benelux, together creating 88% of total imports. It was distantly followed by Luxembourg (X tons), achieving a 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament polyester yarn importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X), together accounting for 99.9% of total imports.

Luxembourg, with a CAGR of +5.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 19%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform