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

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

For the fourth year in a row, the MERCOSUR high-tenacity filament aramids yarn market recorded growth in sales value, which increased by 18% to $X in 2022. Overall, consumption recorded a mild descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in MERCOSUR

In value terms, high-tenacity filament aramids yarn production stood at $X in 2022 estimated in export price. Overall, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in MERCOSUR

In 2022, shipments abroad of high-tenacity filament yarn of aramids decreased by -40.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 122% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports fell sharply to $X in 2022. Overall, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 173% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of high-tenacity filament yarn of aramids, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the high-tenacity filament yarn of aramids exports, with a CAGR of +6.4% from 2012 to 2022. From 2012 to 2022, the share of Brazil increased by +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest high-tenacity filament aramids yarn supplier in MERCOSUR.

In Brazil, high-tenacity filament aramids yarn exports expanded at an average annual rate of +4.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 25% against the previous year. In general, the export price, however, showed a noticeable decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -2.0% per year.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in MERCOSUR

High-tenacity filament aramids yarn imports surged to X tons in 2022, growing by 20% against 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +80.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Brazil prevails in imports structure, reaching X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Argentina (X tons) and Colombia (X tons), together creating a 12% share of total imports. Ecuador (X tons) took a minor share of total imports.

Imports into Brazil increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Ecuador (+48.2%) and Argentina (+20.0%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +48.2% from 2012-2022. By contrast, Colombia (-4.0%) illustrated a downward trend over the same period. Argentina (+4.8 p.p.) and Ecuador (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in MERCOSUR, comprising 87% of total imports. The second position in the ranking was held by Colombia ($X), with a 6% share of total imports. It was followed by Argentina, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-3.7% per year) and Argentina (+14.9% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Brazil ($X per ton), while Argentina ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform