Middle East: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in the Middle East

The Middle Eastern high-tenacity filament aramids yarn market dropped to $X in 2022, with a decrease of -3.2% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in the Middle East

In value terms, high-tenacity filament aramids yarn production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% 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 2013 with an increase of 17% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in the Middle East

In 2022, the amount of high-tenacity filament yarn of aramids exported in the Middle East shrank sharply to X tons, reducing by -26% compared with the year before. Overall, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 93%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 54%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of high-tenacity filament yarn of aramids, constituting 76% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a 23% share of total exports.

Turkey was also the fastest-growing in terms of the high-tenacity filament yarn of aramids exports, with a CAGR of +19.0% from 2012 to 2022. The United Arab Emirates (-10.5%) illustrated a downward trend over the same period. Turkey (+60 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -58.9% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest high-tenacity filament aramids yarn supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +29.7%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by 39% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 109% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.0%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in the Middle East

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported in the Middle East; with an increase of 14% against 2021. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 39% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the key importer of high-tenacity filament yarn of aramids, generating 66% of total imports. It was distantly followed by Israel (X tons), achieving a 29% share of total imports. Oman (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the high-tenacity filament yarn of aramids imports, with a CAGR of +12.7% from 2012 to 2022. At the same time, Oman (+5.7%) and Israel (+4.1%) displayed positive paces of growth. Turkey (+22 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -14.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in the Middle East, comprising 72% of total imports. The second position in the ranking was taken by Israel ($X), with a 26% share of total imports.

In Turkey, high-tenacity filament aramids yarn imports increased at an average annual rate of +15.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+3.4% per year) and Oman (+3.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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