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

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

The Pakistani high-tenacity filament aramids yarn market shrank markedly to $X in 2022, falling by -27.7% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Production of High-Tenacity Filament Yarn Of Aramids in Pakistan

In value terms, high-tenacity filament aramids yarn production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 124% against the previous year. High-tenacity filament aramids yarn 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 from Pakistan

In 2022, high-tenacity filament aramids yarn exports from Pakistan surged to X tons, growing by 183% on the previous year's figure. In general, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 282% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament aramids yarn exports surged to $X in 2022. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 214% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons) was the main destination for high-tenacity filament aramids yarn exports from Pakistan, accounting for a 88% share of total exports. It was followed by France (X tons), with a 2.4% share of total exports. The third position in this ranking was taken by Russia (X tons), with a 2.2% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to China totaled +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+501.3% per year) and Russia (-11.8% per year).

In value terms, China ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Pakistan, comprising 50% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by France, with an 8.9% share.

From 2015 to 2022, the average annual growth rate of value to China amounted to +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.6% per year) and France (+937.9% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, reducing by -25.4% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 115% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+72.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Pakistan

In 2022, purchases abroad of high-tenacity filament yarn of aramids increased by 95% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,167%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,980% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to Pakistan, with a combined 55% share of total imports. The United States, Belgium and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +144.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn suppliers to Pakistan were Japan ($X), China ($X) and South Korea ($X), together comprising 61% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +146.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, reducing by -34.1% against the previous year. Overall, the import price, however, showed a mild increase. The growth pace was the most rapid in 2020 an increase of 75%. The import price peaked at $X per ton in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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