GCC: 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 GCC

The GCC high-tenacity filament nylon yarn market rose notably to $X in 2022, picking up by 5.8% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, high-tenacity filament nylon yarn production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 51%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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

Exports in GCC

High-tenacity filament nylon yarn exports declined notably to X tons in 2022, reducing by -96.2% compared with the year before. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2015 when exports increased by 682%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports dropped markedly to $X in 2022. Overall, exports faced a sharp slump. The pace of growth appeared the most rapid in 2015 with an increase of 604%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Oman (X tons) represented the largest exporter of high-tenacity filament yarn of nylon or other polyamides, constituting 71% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 29% share of total exports.

Oman was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides exports, with a CAGR of -10.3% from 2012 to 2022. The United Arab Emirates (-37.2%) illustrated a downward trend over the same period. While the share of Oman (+67 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-23.2 p.p.) displayed negative dynamics.

In value terms, Oman ($X) remains the largest high-tenacity filament nylon yarn supplier in GCC, comprising 70% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 30% share of total exports.

In Oman, high-tenacity filament nylon yarn exports plunged by an average annual rate of -13.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, surging by 48% against the previous year. In general, the export price, however, recorded a noticeable contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.0%).

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

Imports in GCC

After two years of growth, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -79.6% to X tons in 2022. Overall, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 378% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports dropped significantly to $X in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 905%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X tons, which reached 80% of total imports. It was distantly followed by Kuwait (X tons), creating an 18% share of total imports. Oman (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament nylon yarn imports into the United Arab Emirates stood at -28.1%. At the same time, Kuwait (+22.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +22.7% from 2012-2022. By contrast, Oman (-10.5%) illustrated a downward trend over the same period. While the share of Kuwait (+18 p.p.) and Oman (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-17.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported high-tenacity filament yarn of nylon or other polyamides in GCC, comprising 71% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -35.3%. In the other countries, the average annual rates were as follows: Kuwait (+9.8% per year) and Oman (-18.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, which is down by -58.1% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 110%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-8.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform