Russian Federation: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in the Russian Federation

The Russian high-tenacity filament aramids yarn market declined to $X in 2022, waning by -14.7% against the previous year. In general, consumption showed a perceptible reduction. High-tenacity filament aramids yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in the Russian Federation

In value terms, high-tenacity filament aramids yarn production reduced to $X in 2022 estimated in export price. In general, production faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. High-tenacity filament aramids yarn production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from the Russian Federation

In 2022, overseas shipments of high-tenacity filament yarn of aramids increased by 295% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 433% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, high-tenacity filament aramids yarn exports contracted notably to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 378% against the previous year. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Belarus (X tons) was the main destination for high-tenacity filament aramids yarn exports from Russia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus totaled +186.6%.

In value terms, Belarus ($X) emerged as the key foreign market for high-tenacity filament yarn of aramids exports from Russia.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to +138.8%.

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, waning by -82.8% against the previous year. Overall, the export price faced a sharp decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 74% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +2.9% per year.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into the Russian Federation

In 2022, the amount of high-tenacity filament yarn of aramids imported into Russia rose significantly to X tons, surging by 11% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports expanded remarkably to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 110%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest high-tenacity filament aramids yarn supplier to Russia, accounting for a 73% share of total imports. Moreover, high-tenacity filament aramids yarn imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by the UK (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.3% per year) and the UK (-8.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Russia, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.0% per year) and the Netherlands (+18.3% per year).

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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