France: Aramids Staple Market 2024

Aramids Staple Market Size in France

In 2021, the French aramids staple market was finally on the rise to reach $X after five years of decline. In general, consumption, however, recorded a pronounced contraction. Aramids staple consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Aramids Staple Production in France

In value terms, aramids staple production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14%. Aramids staple production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Aramids Staple Exports

Exports from France

In 2021, overseas shipments of aramids staple decreased by -24.5% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 80%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aramids staple exports declined remarkably to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 43% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Belgium (X tons) and Turkey (X tons) were the main destinations of aramids staple exports from France, together comprising 78% of total exports. Germany, Portugal, Morocco, Bulgaria, Canada, Spain and India lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +33.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Turkey ($X) were the largest markets for aramids staple exported from France worldwide, with a combined 78% share of total exports. These countries were followed by Germany, Portugal, Bulgaria, Canada, Spain, Morocco and India, which together accounted for a further 19%.

Portugal, with a CAGR of +34.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aramids staple export price amounted to $X per ton, declining by -6.1% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.9%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into France

In 2021, imports of aramids staple into France soared to X tons, jumping by 38% on 2020 figures. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.0% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 59%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, aramids staple imports skyrocketed to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of aramids staple to France, with a 43% share of total imports. Moreover, aramids staple imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.0% per year) and the Netherlands (+11.4% per year).

In value terms, Belgium ($X), Spain ($X) and the Netherlands ($X) constituted the largest aramids staple suppliers to France, with a combined 75% share of total imports. Switzerland, Germany, Austria, China, Mexico and Japan lagged somewhat behind, together comprising a further 13%.

Switzerland, with a CAGR of +286.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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