India: 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 India

The Indian high-tenacity filament nylon yarn market declined to $X in 2022, waning by -11.1% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +65.0% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

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

In value terms, high-tenacity filament nylon yarn production declined modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. High-tenacity filament nylon yarn production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from India

High-tenacity filament nylon yarn exports from India surged to X tons in 2022, growing by 295% against the previous year. Overall, exports, however, showed a mild setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports soared to $X in 2022. In general, exports, however, recorded a slight shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for high-tenacity filament nylon yarn exports from India, accounting for a 49% share of total exports. Moreover, high-tenacity filament nylon yarn exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +107.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-18.7% per year) and Vietnam (+147.9% per year).

In value terms, the United States ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from India, comprising 48% of total exports. The second position in the ranking was held by Brazil ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +110.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+38.3% per year) and the United Arab Emirates (-18.6% per year).

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, which is down by -9.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Portugal ($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 Thailand (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2022, purchases abroad of high-tenacity filament yarn of nylon or other polyamides increased by 2.7% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.6% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, high-tenacity filament nylon yarn imports soared to $X in 2022. Overall, imports saw a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to India, accounting for a 67% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.7% per year) and Taiwan (Chinese) (-3.5% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to India, comprising 62% of total imports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+20.0% per year) and Taiwan (Chinese) (-1.7% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, increasing by 13% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn import price increased by +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 44%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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