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

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

The Romanian high-tenacity filament aramids yarn market expanded to $X in 2022, rising by 2% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Romania

In value terms, high-tenacity filament aramids yarn production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Romania

In 2022, shipments abroad of high-tenacity filament yarn of aramids decreased by -18.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 172% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports shrank to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 98% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Italy (X tons) was the main destination for high-tenacity filament aramids yarn exports from Romania, with a 94% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +25.9%.

In value terms, Italy ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Romania, comprising 73% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +19.7%.

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.7%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Romania

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported into Romania; surging by 12% on 2021 figures. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament aramids yarn imports stood at $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +12.3% 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 +34.4% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 105% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Romania, with a 59% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+123.6% per year) and Italy (+13.3% per year).

In value terms, the largest high-tenacity filament aramids yarn suppliers to Romania were the Netherlands ($X), South Korea ($X) and Spain ($X), with a combined 88% share of total imports.

South Korea, with a CAGR of +134.7%, 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

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, which is down by -2.6% against the previous year. Over the period under review, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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