Northern America: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Northern America

The North American high-tenacity filament aramids yarn market reduced modestly to $X in 2022, standing approx. at the previous year. In general, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Northern America

In value terms, high-tenacity filament aramids yarn production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 38%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Northern America

In 2022, overseas shipments of high-tenacity filament yarn of aramids increased by 8% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports expanded notably to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 30%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the high-tenacity filament yarn of aramids exports, with a CAGR of +2.8% from 2012 to 2022. Canada (-6.9%) illustrated a downward trend over the same period. The United States (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest high-tenacity filament aramids yarn supplier in Northern America, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +3.9%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Northern America

In 2022, supplies from abroad of high-tenacity filament yarn of aramids increased by 29% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +52.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 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 surged to $X in 2022. In general, imports, however, saw a slight setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of high-tenacity filament yarn of aramids, namely the United States, represented more than two-thirds of total import.

The United States was also the fastest-growing in terms of the high-tenacity filament yarn of aramids imports, with a CAGR of +5.0% from 2012 to 2022. While the share of the United States (+27 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.3%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.6% per year.

Source: IndexBox Platform

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