Portugal: 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 Portugal

In 2022, the Portuguese high-tenacity filament nylon yarn market increased by 28% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.3% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

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

In value terms, high-tenacity filament nylon yarn production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Portugal

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides exported from Portugal reduced notably to X tons, shrinking by -30.9% compared with the year before. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 76% against the previous year. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, high-tenacity filament nylon yarn exports reduced to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +27.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 65%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Spain (X tons), Latvia (X tons) and Slovakia (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Portugal, together comprising 81% of total exports. The Netherlands, Angola, the UK and Namibia lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +48.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Latvia ($X) and Slovakia ($X) appeared to be the largest markets for high-tenacity filament nylon yarn exported from Portugal worldwide, together comprising 77% of total exports. Angola, the Netherlands, Namibia and the UK lagged somewhat behind, together comprising a further 10%.

Among the main countries of destination, the UK, with a CAGR of +53.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the Netherlands ($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 Latvia (+18.2%), 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 Portugal

In 2022, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides increased by 2.2% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +99.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and Turkey (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Portugal, with a combined 81% share of total imports. Latvia, Russia, France, Spain, Slovakia and Italy lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +71.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn suppliers to Portugal were Germany ($X), China ($X) and Turkey ($X), together comprising 86% of total imports. Latvia, France, Russia, Slovakia, Spain and Italy lagged somewhat behind, together comprising a further 11%.

Latvia, with a CAGR of +74.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, rising by 28% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 import price increased by +60.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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