Ireland: Market for High-Tenacity Filament Yarn Of Aramids 2025

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

The Irish high-tenacity filament aramids yarn market amounted to $X in 2022, with an increase of 3.9% against the previous year. Overall, consumption, however, enjoyed a significant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Ireland

In value terms, high-tenacity filament aramids yarn production stood at $X in 2022 estimated in export price. In general, production, however, posted perceptible growth. The growth pace was the most rapid in 2019 when the production volume increased by 22% against the previous year. High-tenacity filament aramids yarn production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Ireland

In 2022, after three years of decline, there was significant decline in shipments abroad of high-tenacity filament yarn of aramids, when their volume decreased by -58.3% to X kg. In general, exports faced a precipitous decline. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports dropped notably to $X in 2022. Over the period under review, exports recorded a precipitous curtailment. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for high-tenacity filament aramids yarn exports from Ireland, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the UK totaled -20.1%.

From 2015 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, with an increase of 5% against the previous year. Overall, the export price posted a significant increase. The growth pace was the most rapid in 2019 an increase of 168%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2015 to 2022, the rate of growth in terms of prices for the UK amounted to +25.6% per year.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Ireland

In 2022, overseas purchases of high-tenacity filament yarn of aramids decreased by 0% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,660%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports stood at $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,362% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X kg), the Netherlands (X kg) and South Korea (X kg) were the main suppliers of high-tenacity filament aramids yarn imports to Ireland, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +22.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest high-tenacity filament aramids yarn suppliers to Ireland were the United States ($X), the Netherlands ($X) and South Korea ($X), with a combined 99% share of total imports.

Among the main suppliers, the United States, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :