EU: 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 the EU

The EU high-tenacity filament nylon yarn market rose markedly to $X in 2022, increasing by 7.6% against the previous year. Over the period under review, consumption posted a measured expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in the EU

In value terms, high-tenacity filament nylon yarn production totaled $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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

Exports in the EU

High-tenacity filament nylon yarn exports contracted rapidly to X tons in 2022, waning by -15.3% against the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports skyrocketed to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +76.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Slovakia (X tons) represented the largest exporter of high-tenacity filament yarn of nylon or other polyamides, constituting 38% of total exports. Latvia (X tons) ranks second in terms of the total exports with a 22% share, followed by Italy (12%), Poland (8%) and the Netherlands (7.4%). The following exporters - Spain (X tons) and the Czech Republic (X tons) - each reached a 5.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the largest high-tenacity filament nylon yarn supplier in the European Union, comprising 40% of total exports. The second position in the ranking was held by Latvia ($X), with a 17% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Slovakia stood at +1.8%. In the other countries, the average annual rates were as follows: Latvia (+5.0% per year) and Italy (-4.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 37% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn export price increased by +65.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.2%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, imports of high-tenacity filament yarn of nylon or other polyamides in the European Union dropped to X tons, shrinking by -2.4% against the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value 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, imports increased by +82.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of high-tenacity filament nylon yarn imports in 2022 were the Czech Republic (X tons), Portugal (X tons), Romania (X tons), Italy (X tons), Spain (X tons), Hungary (X tons), Germany (X tons), Poland (X tons) and France (X tons), together recording 86% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Portugal ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 40% of total imports. Italy, France, Hungary, Germany, Spain and Poland lagged somewhat behind, together comprising a further 48%.

Among the main importing countries, Poland, with a CAGR of +9.6%, recorded the highest growth rate of the value of imports, 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, growing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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