Italy: 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 Italy

In 2022, the Italian high-tenacity filament nylon yarn market decreased by -7.9% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, high-tenacity filament nylon yarn production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 79% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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

Exports from Italy

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides increased by 51% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 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 noticeable slump. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for high-tenacity filament nylon yarn exports from Italy, with a 41% share of total exports. Moreover, high-tenacity filament nylon yarn exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +89.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.7% per year) and Turkey (+6.4% per year).

In value terms, the Czech Republic ($X), Germany ($X) and France ($X) constituted the largest markets for high-tenacity filament nylon yarn exported from Italy worldwide, with a combined 60% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +65.8%, 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 mixed trend patterns.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while the average price for exports to Tunisia ($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 Brazil (+4.7%), 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 Italy

In 2022, overseas purchases of high-tenacity filament yarn of nylon or other polyamides increased by 1.8% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +66.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament nylon yarn imports expanded remarkably to $X in 2022. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 103%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Germany (X tons) and China (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Italy, with a combined 65% share of total imports. South Korea, Romania, Latvia, Russia, the United States, the Netherlands, Belarus, Slovakia and Vietnam lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +73.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn suppliers to Italy were Turkey ($X), Germany ($X) and China ($X), together comprising 68% of total imports. South Korea, Romania, the United States, Latvia, Slovakia, the Netherlands, Russia, Vietnam and Belarus lagged somewhat behind, together accounting for a further 27%.

Romania, with a CAGR of +62.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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