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

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

The Greek high-tenacity filament aramids yarn market dropped significantly to $X in 2022, falling by -24.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Greece

In 2022, approx. X tons of high-tenacity filament yarn of aramids were exported from Greece; surging by 123% against the previous year. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 395% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports soared to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 263%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Croatia (X kg) was the main destination for high-tenacity filament aramids yarn exports from Greece, accounting for a 56% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Croatia exceeded the volume sent to the second major destination, Finland (X kg), ninefold. The third position in this ranking was held by France (X kg), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia totaled +358.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+65.9% per year) and France (+9.4% per year).

In value terms, Croatia ($X) emerged as the key foreign market for high-tenacity filament yarn of aramids exports from Greece, comprising 55% of total exports. The second position in the ranking was held by Slovakia ($X), with a 5.4% share of total exports. It was followed by Finland, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Croatia stood at +372.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+50.0% per year) and Finland (+80.8% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, falling by -1.5% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Greece

High-tenacity filament aramids yarn imports into Greece declined significantly to X tons in 2022, falling by -19.8% against the previous year's figure. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2019 when imports increased by 380% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports reduced markedly to $X in 2022. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 418% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest high-tenacity filament aramids yarn supplier to Greece, accounting for a 49% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.4% per year) and Japan (-7.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Greece, comprising 47% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports. It was followed by Japan, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.0% per year) and Japan (-7.6% per year).

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, declining by -6.3% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Belgium ($X per ton), while the price for the Netherlands ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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