Czech Republic: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in the Czech Republic

In 2022, the Czech high-tenacity filament aramids yarn market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. High-tenacity filament aramids yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in the Czech Republic

In value terms, high-tenacity filament aramids yarn production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. High-tenacity filament aramids yarn production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from the Czech Republic

In 2022, exports of high-tenacity filament yarn of aramids from the Czech Republic reduced notably to X tons, which is down by -22% against the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 21%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports fell remarkably to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of high-tenacity filament aramids yarn exports from the Czech Republic, with a combined 82% share of total exports. France, Denmark, the UK and Poland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +50.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from the Czech Republic, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.8% per year) and the Netherlands (+5.9% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, picking up by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into the Czech Republic

High-tenacity filament aramids yarn imports into the Czech Republic dropped to X tons in 2022, falling by -9.8% on the previous year. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.8% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn imports shrank markedly to $X in 2022. Overall, imports saw a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Latvia (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to the Czech Republic, together comprising 81% of total imports. Germany, Slovakia, the United States and Belgium lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +79.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn suppliers to the Czech Republic were the UK ($X), the Netherlands ($X) and Latvia ($X), together comprising 82% of total imports. The United States, Germany, Slovakia and Belgium lagged somewhat behind, together comprising a further 9.2%.

Among the main suppliers, the United States, with a CAGR of +50.9%, 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

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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