Eastern Europe: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Eastern Europe

The East European high-tenacity filament aramids yarn market contracted to $X in 2022, shrinking by -10.7% against the previous year. Over the period under review, consumption showed a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Eastern Europe

In value terms, high-tenacity filament aramids yarn production declined modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Eastern Europe

In 2022, the amount of high-tenacity filament yarn of aramids exported in Eastern Europe contracted to X tons, shrinking by -13.9% against the year before. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.9% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 24%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports declined to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X tons) was the key exporter of high-tenacity filament yarn of aramids, committing 63% of total exports. Romania (X tons) ranks second in terms of the total exports with an 18% share, followed by Poland (12%) and Russia (5.7%).

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of high-tenacity filament yarn of aramids. At the same time, Romania (+48.3%), Russia (+47.6%) and Poland (+6.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +48.3% from 2012-2022. While the share of Romania (+18 p.p.), Russia (+5.5 p.p.) and Poland (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-24 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 89% share of total exports. These countries were followed by Romania, which accounted for a further 8.5%.

Romania, with a CAGR of +29.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 when the export price increased by 26% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 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 Russia ($X per ton), while Romania ($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 Czech Republic (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Eastern Europe

In 2022, the amount of high-tenacity filament yarn of aramids imported in Eastern Europe rose slightly to X tons, increasing by 2.6% on the year before. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 23%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, high-tenacity filament aramids yarn imports rose sharply to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 26% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Poland (X tons) and the Czech Republic (X tons) prevails in imports structure, together making up 70% of total imports. It was distantly followed by Estonia (X tons), Russia (X tons) and Romania (X tons), together achieving a 24% share of total imports. The following importers - Hungary (X tons) and Bulgaria (X tons) - each reached a 4.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in Eastern Europe, comprising 45% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total imports. It was followed by Estonia, with a 12% share.

In Poland, high-tenacity filament aramids yarn imports increased at an average annual rate of +19.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (-1.1% per year) and Estonia (+22.7% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the import price increased by 14% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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