Peru: 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 Peru

The Peruvian high-tenacity filament nylon yarn market shrank notably to $X in 2022, which is down by -18.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a slight decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

Exports from Peru

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -49.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,732%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, high-tenacity filament nylon yarn exports declined sharply to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 3,238%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Chile (X tons) was the main destination for high-tenacity filament nylon yarn exports from Peru, accounting for a 74% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Chile exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The third position in this ranking was held by Myanmar (X kg), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.1% per year) and Myanmar (+417.0% per year).

In value terms, Chile ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Peru, comprising 57% of total exports. The second position in the ranking was held by Panama ($X), with a 16% share of total exports. It was followed by Italy, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+8.3% per year) and Italy (-19.1% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2019 an increase of 46%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Italy ($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 Bolivia (+27.2%), 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 Peru

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported into Peru; with a decrease of -7.3% on the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when imports increased by 90%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to Peru, with a 72% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sevenfold. Russia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-15.0% per year) and Russia (+35.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Peru, comprising 75% of total imports. The second position in the ranking was held by Colombia ($X), with an 8.9% share of total imports. It was followed by Russia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-18.8% per year) and Russia (+29.2% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, waning by -17.6% against the previous year. In general, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2021 when the average import price increased by 62%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and China ($X per ton), while the price for Russia ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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