EU: Aramids Staple Market 2024

Aramids Staple Market Size in the EU

The EU aramids staple market surged to $X in 2021, jumping by 16% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.1% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Aramids Staple Production in the EU

In value terms, aramids staple production totaled $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 92%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Aramids Staple Exports

Exports in the EU

In 2021, approx. X tons of aramids staple were exported in the European Union; jumping by 20% against the previous year's figure. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, aramids staple exports soared to $X in 2021. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 74%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) and Spain (X tons) prevails in exports structure, together committing 75% of total exports. France (X tons) ranks next in terms of the total exports with a 9.7% share, followed by the Netherlands (7%). Germany (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +220.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aramids staple supplying countries in the European Union were Belgium ($X), Spain ($X) and France ($X), together comprising 88% of total exports.

Belgium, with a CAGR of +282.6%, recorded the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2021, rising by 5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.5%), while the other leaders experienced more modest paces of growth.

Aramids Staple Imports

Imports in the EU

In 2021, the amount of aramids staple imported in the European Union soared to X tons, picking up by 24% compared with the year before. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 28%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, aramids staple imports soared to $X in 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Belgium represented the key importing country with an import of around X tons, which accounted for 43% of total imports. Germany (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Italy (X tons) and Spain (X tons). All these countries together took near 43% share of total imports. The following importers - France (X tons) and Slovenia (X tons) - each recorded a 5.8% share of total imports.

Belgium was also the fastest-growing in terms of the aramids staple imports, with a CAGR of +114.3% from 2012 to 2021. At the same time, Slovenia (+33.7%), the Netherlands (+18.5%), Spain (+5.2%) and France (+2.1%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Italy (-1.2%) illustrated a downward trend over the same period. Belgium (+43 p.p.), Spain (+5.9 p.p.), the Netherlands (+5.6 p.p.) and Slovenia (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while France, Italy and Germany saw its share reduced by -3.7%, -14.1% and -29.5% from 2012 to 2021, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported aramids staple in the European Union, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 10% share.

In Belgium, aramids staple imports expanded at an average annual rate of +102.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and the Netherlands (+16.5% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 5.2% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 6.9%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Spain ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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