Eastern Europe: Aramids Staple Market 2024

Aramids Staple Market Size in Eastern Europe

In 2021, after three years of growth, there was significant decline in the East European aramids staple market, when its value decreased by -8.7% to $X. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Aramids Staple Production in Eastern Europe

In value terms, aramids staple production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Aramids Staple Exports

Exports in Eastern Europe

In 2021, shipments abroad of aramids staple was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a mild downturn. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aramids staple exports soared to $X in 2021. Over the period under review, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by 61% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) represented roughly 96% of total exports in 2021.

Slovakia was also the fastest-growing in terms of the aramids staple exports, with a CAGR of -1.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) also remains the largest aramids staple supplier in Eastern Europe.

In Slovakia, aramids staple exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 when the export price increased by 34%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2021, the rate of growth in terms of prices for Slovakia amounted to +0.1% per year.

Aramids Staple Imports

Imports in Eastern Europe

In 2021, overseas purchases of aramids staple were finally on the rise to reach X tons after two years of decline. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -40.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 49% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, aramids staple imports rose to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.2% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 34%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of aramids staple, namely Slovakia, Russia and the Czech Republic, represented more than two-thirds of total import. Bulgaria (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (6.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +62.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 78% of total imports. These countries were followed by Bulgaria and Belarus, which together accounted for a further 20%.

Belarus, with a CAGR of +44.4%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, falling by -7.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bulgaria ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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