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

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

The Europe high-tenacity filament aramids yarn market contracted modestly to $X in 2022, with a decrease of -4.8% against the previous year. Over the period under review, consumption saw a mild downturn. 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 Europe

In value terms, high-tenacity filament aramids yarn production fell to $X in 2022 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of high-tenacity filament yarn of aramids, when their volume decreased by -59.7% to X tons. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 138%. The volume of export peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, high-tenacity filament aramids yarn exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 164%. Over the period under review, the exports hit record highs at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Belgium represented the key exporting country with an export of about X tons, which recorded 36% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a 20% share, followed by the Netherlands (14%) and Romania (5.6%). Spain (X tons), the UK (X tons), Luxembourg (X tons), Italy (X tons), Poland (X tons), France (X tons) and Russia (X tons) took a relatively small share of total exports.

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 ($X) remains the largest high-tenacity filament aramids yarn supplier in Europe, comprising 48% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by the Czech Republic, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled +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 Europe amounted to $X per ton, growing by 6.1% against the previous year. Over the period under review, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 16% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 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 the UK (+12.4%), while the other leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Europe

High-tenacity filament aramids yarn imports reduced modestly to X tons in 2022, falling by -2.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 15%. Over the period under review, imports reached the peak figure 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 declined to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons), Italy (X tons), Poland (X tons), the Netherlands (X tons) and the Czech Republic (X tons) was the main importer of high-tenacity filament yarn of aramids in Europe, achieving 69% of total import. It was distantly followed by France (X tons), constituting a 6% share of total imports. The following importers - Belgium (X tons), Luxembourg (X tons), Estonia (X tons), Spain (X tons), Russia (X tons), Romania (X tons) and Portugal (X tons) - together made up 19% of total imports.

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, Germany ($X), Italy ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 52% of total imports. The Netherlands, France, the Czech Republic, Belgium, Luxembourg, Estonia, Spain, Russia, Portugal and Romania lagged somewhat behind, together comprising a further 41%.

Belgium, with a CAGR of +73.4%, recorded the highest growth rate of the value of imports, among 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 Europe stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 5.5% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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