Europe: Aramids Staple Market 2024

Aramids Staple Market Size in Europe

The Europe aramids staple market skyrocketed to $X in 2021, increasing by 16% against the previous year. The total consumption indicated notable growth 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. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Aramids Staple Production in Europe

In value terms, aramids staple production amounted to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. 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 most prominent rate of growth was recorded in 2013 with an increase of 92% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Aramids Staple Exports

Exports in Europe

In 2021, aramids staple exports in Europe soared to X tons, surging by 20% against the previous year's figure. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 90% 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. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 76%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium (X tons) and Spain (X tons) prevails in exports structure, together creating 73% of total exports. France (X tons) held a 9.5% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (6.9%). Germany (X tons), Slovakia (X tons) and the UK (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +220.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and France ($X) were the countries with the highest levels of exports in 2021, together comprising 87% of total exports.

Among the main exporting countries, Belgium, with a CAGR of +282.6%, recorded the highest growth rate of the value of exports, 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 Europe stood at $X per ton in 2021, rising by 5.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the UK ($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 Europe

In 2021, aramids staple imports in Europe skyrocketed to X tons, with an increase of 25% on the previous year's figure. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, aramids staple imports soared to $X in 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium was the main importer of aramids staple in Europe, with the volume of imports recording X tons, which was near 41% of total imports in 2021. 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 approx. 41% share of total imports. The following importers - the UK (X tons), France (X tons) and Slovenia (X tons) - together made up 9.3% 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%), the UK (+11.1%), 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. While the share of Belgium (+41 p.p.), Spain (+5.6 p.p.), the Netherlands (+5.3 p.p.) and Slovenia (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of France (-3.5 p.p.), Italy (-13.4 p.p.) and Germany (-28.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported aramids staple in Europe, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium totaled +102.4%. In the other countries, the average annual rates were as follows: Germany (-2.8% per year) and the Netherlands (+16.5% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 4.6% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.9% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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