Ireland: 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 Ireland

The Irish high-tenacity filament nylon yarn market contracted slightly to $X in 2022, declining by -4% against the previous year. In general, consumption saw a mild curtailment. High-tenacity filament nylon yarn consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, high-tenacity filament nylon yarn production dropped to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. High-tenacity filament nylon yarn production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Ireland

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides decreased by 0% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 14,449%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament nylon yarn exports stood at $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 28,880%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for high-tenacity filament nylon yarn exports from Ireland, accounting for a 69% share of total exports. Moreover, high-tenacity filament nylon yarn exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The United States (X kg) ranked third in terms of total exports with a 2.1% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to China stood at +168.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-12.0% per year) and the United States (-0.5% per year).

In value terms, the largest markets for high-tenacity filament nylon yarn exported from Ireland were China ($X), the Netherlands ($X) and the United States ($X), together accounting for 97% of total exports.

In terms of the main countries of destination, China, with a CAGR of +140.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 427%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Ireland

For the third consecutive year, Ireland recorded decline in purchases abroad of high-tenacity filament yarn of nylon or other polyamides, which decreased by 0% to X tons in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 186%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament nylon yarn imports totaled $X in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 97%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to Ireland, with a 88% share of total imports. Moreover, high-tenacity filament nylon yarn imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +87.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.0% per year) and the UK (-34.5% per year).

In value terms, the United States ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Ireland, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and the UK (-26.6% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 87% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (+12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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