Luxembourg: Market for High-Tenacity Filament Yarn Of Aramids 2024

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

The Luxembourg high-tenacity filament aramids yarn market rose markedly to $X in 2022, surging by 11% 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, however, showed a abrupt descent. High-tenacity filament aramids yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Luxembourg

In 2022, shipments abroad of high-tenacity filament yarn of aramids increased by 20% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 476% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 475% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for high-tenacity filament aramids yarn exports from Luxembourg, accounting for a 77% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+288.5% per year) and the United States (+1,500,300.0% per year).

In value terms, Germany ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Luxembourg, comprising 73% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+351.0% per year) and the United States (+1,931,016.7% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Estonia ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Luxembourg

In 2022, the amount of high-tenacity filament yarn of aramids imported into Luxembourg skyrocketed to X tons, jumping by 17% against the previous year's figure. In general, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports rose markedly to $X in 2022. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Belgium (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to Luxembourg, together comprising 94% of total imports. South Korea lagged somewhat behind, comprising a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +55.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest high-tenacity filament aramids yarn suppliers to Luxembourg were the Netherlands ($X), Belgium ($X) and the UK ($X), together comprising 94% of total imports. South Korea lagged somewhat behind, accounting for a further 5.4%.

Among the main suppliers, South Korea, with a CAGR of +54.1%, 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

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, falling by -4.5% against the previous year. Overall, the import price recorded a mild curtailment. The growth pace was the most rapid in 2013 an increase of 6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and South Korea ($X per ton), while the price for the UK ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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