Eastern Asia: 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 Eastern Asia

The East Asian high-tenacity filament nylon yarn market dropped to $X in 2022, falling by -3% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, high-tenacity filament nylon yarn production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Eastern Asia

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides increased by 5.5% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 55%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X tons, which amounted to 68% of total exports. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together generating a 28% share of total exports. South Korea (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides exports, with a CAGR of +6.3% from 2012 to 2022. At the same time, Taiwan (Chinese) (+3.6%) displayed positive paces of growth. Japan and South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest high-tenacity filament nylon yarn supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +6.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.2% per year) and Taiwan (Chinese) (+1.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 3.7% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by 33%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported in Eastern Asia; stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of high-tenacity filament nylon yarn imports in 2022 were China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together accounting for 92% of total import. It was distantly followed by Japan (X tons), mixing up a 7.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 92% share of total imports. Japan lagged somewhat behind, accounting for a further 8.1%.

Japan, with a CAGR of +15.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 5.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 17%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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