China: Aramids Staple Market 2024

Aramids Staple Market Size in China

In 2021, the Chinese aramids staple market decreased by -28.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank markedly in the following year.

Aramids Staple Exports

Exports from China

After two years of decline, shipments abroad of aramids staple increased by 55% to X tons in 2021. In general, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, aramids staple exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 57%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Turkey (X tons) and Mexico (X tons) were the main destinations of aramids staple exports from China, together accounting for 38% of total exports. These countries were followed by Spain, India, Pakistan, South Korea, Slovenia, Taiwan (Chinese), the Netherlands, the United States, Portugal and Canada, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aramids staple exported from China were Germany ($X), Turkey ($X) and Mexico ($X), with a combined 35% share of total exports. These countries were followed by Spain, India, Pakistan, the Netherlands, the United States, South Korea, Slovenia, Taiwan (Chinese), Portugal and Canada, which together accounted for a further 52%.

In terms of the main countries of destination, Pakistan, with a CAGR of +32.6%, saw the highest growth rate of 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

The average aramids staple export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aramids Staple Imports

Imports into China

Aramids staple imports into China expanded to X tons in 2021, increasing by 4.8% on 2020 figures. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, aramids staple imports stood at $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), Spain (X tons) and Japan (X tons) were the main suppliers of aramids staple imports to China, with a combined 68% share of total imports. These countries were followed by Thailand, the United States, Belgium and the Netherlands, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +161.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aramids staple suppliers to China were South Korea ($X), Spain ($X) and Japan ($X), with a combined 64% share of total imports. The United States, the Netherlands, Thailand and Belgium lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Belgium, with a CAGR of +128.6%, 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

The average aramids staple import price stood at $X per ton in 2021, picking up by 3.1% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 8.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 United States (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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