India: Aramids Staple Market 2025

Aramids Staple Market Size in India

The Indian aramids staple market rose sharply to $X in 2021, increasing by 7.2% 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 saw a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aramids Staple Exports

Exports from India

In 2021, the amount of aramids staple exported from India skyrocketed to X tons, with an increase of 332% compared with 2020. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 726%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, aramids staple exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 2,061%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of aramids staple exports from India, with a combined 98% share of total exports.

From 2013 to 2021, the biggest increases were recorded for Germany (with a CAGR of +477.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for aramids staple exports from India, comprising 57% of total exports. The second position in the ranking was held by the United States ($X), with a 27% share of total exports. It was followed by Germany, with a 14% share.

From 2013 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+273.0% per year) and Germany (+253.9% per year).

Export Prices by Country

The average aramids staple export price stood at $X per ton in 2021, dropping by -12% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 162% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.0%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into India

In 2021, supplies from abroad of aramids staple increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 102% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, aramids staple imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 89%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of aramids staple imports to India, with a combined 72% share of total imports. The Netherlands, Belgium, Brazil and the United States lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +251.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and South Korea ($X) were the largest aramids staple suppliers to India, together accounting for 74% of total imports. These countries were followed by Belgium, the Netherlands, the United States and Brazil, which together accounted for a further 22%.

In terms of the main suppliers, Brazil, with a CAGR of +160.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aramids staple import price amounted to $X per ton, which is down by -13.4% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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