Finland: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Finland

In 2021, the Finnish high-tenacity filament polyester yarn market increased by 15% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. High-tenacity filament polyester yarn consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Finland

In 2021, overseas shipments of high-tenacity filament yarn of polyesters decreased by -17.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 190% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports declined to $X in 2021. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 166%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Finland, with a combined 74% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +44.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Finland were France ($X), Estonia ($X) and Latvia ($X), with a combined 70% share of total exports.

Among the main countries of destination, France, with a CAGR of +46.9%, saw 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 average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, growing by 3.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Spain ($X per ton) and Italy ($X per ton), while the average price for exports to Estonia ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+94.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Finland

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters increased by 4.7% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Finland, accounting for a 73% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was taken by Denmark (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.5% per year) and Denmark (+8.7% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Finland, comprising 48% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.9% per year) and Denmark (+12.7% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, rising by 12% against the previous year. In general, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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