EU: Market for High-Tenacity Filament Yarn Of Aramids 2024

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

The EU high-tenacity filament aramids yarn market expanded remarkably to $X in 2022, increasing by 9.3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of High-Tenacity Filament Yarn Of Aramids in the EU

In value terms, high-tenacity filament aramids yarn production rose significantly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in the EU

In 2022, after four years of growth, there was significant decline in overseas shipments of high-tenacity filament yarn of aramids, when their volume decreased by -61.1% to X tons. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 154% against the previous year. The volume of export peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, high-tenacity filament aramids yarn exports shrank remarkably to $X in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 182% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which accounted for 38% of total exports. It was distantly followed by the Czech Republic (X tons), the Netherlands (X tons) and Romania (X tons), together generating a 42% share of total exports. Spain (X tons), Luxembourg (X tons), Italy (X tons), Poland (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +134.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest high-tenacity filament aramids yarn supplier in the European Union, comprising 51% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports. It was followed by the Czech Republic, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at +149.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-21.8% per year) and the Czech Republic (+1.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period under review, the export price, however, saw a mild descent. The growth pace was the most rapid in 2019 an increase of 33%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in the EU

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported in the European Union; remaining stable against 2021. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +13.0% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 17%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports contracted to $X in 2022. The total import value increased at an average annual rate of +4.6% 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 20% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

The purchases of the five major importers of high-tenacity filament yarn of aramids, namely Germany, Italy, Poland, the Netherlands and the Czech Republic, represented more than two-thirds of total import. It was distantly followed by France (X tons), comprising a 6.3% share of total imports. Belgium (X tons), Luxembourg (X tons), Estonia (X tons), Spain (X tons), Romania (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn importing markets in the European Union were Germany ($X), Italy ($X) and Poland ($X), with a combined 56% share of total imports. The Netherlands, France, the Czech Republic, Belgium, Luxembourg, Estonia, Spain, Portugal and Romania lagged somewhat behind, together comprising a further 41%.

Belgium, with a CAGR of +73.4%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 4.5%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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