Pakistan: 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 Pakistan

The Pakistani high-tenacity filament nylon yarn market expanded to $X in 2022, with an increase of 2.1% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Pakistan

In value terms, high-tenacity filament nylon yarn production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Pakistan

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides exported from Pakistan dropped remarkably to X tons, reducing by -31.2% on the previous year's figure. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 45%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports contracted modestly to $X in 2022. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 50% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritius (X kg), Egypt (X kg) and Argentina (X kg) were the main destinations of high-tenacity filament nylon yarn exports from Pakistan, together accounting for 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +87.6%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Mauritius ($X) and Egypt ($X) constituted the largest markets for high-tenacity filament nylon yarn exported from Pakistan worldwide, with a combined 84% share of total exports.

Mauritius, with a CAGR of +61.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, with an increase of 45% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +68.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Pakistan

In 2022, after three years of decline, there was growth in purchases abroad of high-tenacity filament yarn of nylon or other polyamides, when their volume increased by 0.2% to X tons. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 339%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports shrank to $X in 2022. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 268% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Sri Lanka (X tons) and Italy (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Pakistan, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +31.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Pakistan, comprising 39% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Sri Lanka, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.3% per year) and Sri Lanka (+24.5% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, with a decrease of -8.1% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+75.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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