Middle East: 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 the Middle East

The Middle Eastern high-tenacity filament nylon yarn market was estimated at $X in 2022, surging by 3.2% against the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in the Middle East

In value terms, high-tenacity filament nylon yarn production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in the Middle East

In 2022, exports of high-tenacity filament yarn of nylon or other polyamides in the Middle East contracted to X tons, declining by -5.7% against 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports surged to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of high-tenacity filament yarn of nylon or other polyamides, namely Turkey, represented more than two-thirds of total export.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of high-tenacity filament yarn of nylon or other polyamides. Turkey (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest high-tenacity filament nylon yarn supplier in the Middle East.

In Turkey, high-tenacity filament nylon yarn exports expanded at an average annual rate of +2.9% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, growing by 29% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn export price increased by +60.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.8% per year.

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

Imports in the Middle East

In 2022, overseas purchases of high-tenacity filament yarn of nylon or other polyamides increased by 13% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 50% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports surged to $X in 2022. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey dominates imports structure, finishing at X tons, which was near 86% of total imports in 2022. It was distantly followed by Iran (X tons), creating a 7.9% share of total imports. The following importers - Jordan (X tons) and the United Arab Emirates (X tons) - each reached a 3.9% share of total imports.

Imports into Turkey increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Jordan (+51.3%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +51.3% from 2012-2022. By contrast, Iran (-17.4%) and the United Arab Emirates (-28.1%) illustrated a downward trend over the same period. Turkey (+54 p.p.) and Jordan (+2 p.p.) significantly strengthened its position in terms of the total imports, while Iran and the United Arab Emirates saw its share reduced by -25.2% and -30.8% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported high-tenacity filament yarn of nylon or other polyamides in the Middle East, comprising 90% of total imports. The second position in the ranking was held by Iran ($X), with a 5.4% share of total imports. It was followed by Jordan, with a 2.5% share.

In Turkey, high-tenacity filament nylon yarn imports increased at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (-19.4% per year) and Jordan (+53.4% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 5.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 39%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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