Russian Federation: 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 the Russian Federation

The Russian high-tenacity filament nylon yarn market fell to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. 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 Nylon Or Other Polyamides in the Russian Federation

In value terms, high-tenacity filament nylon yarn production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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

Exports from the Russian Federation

In 2022, exports of high-tenacity filament yarn of nylon or other polyamides from Russia contracted notably to X tons, shrinking by -16% on the previous year. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by +58.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, high-tenacity filament nylon yarn exports dropped notably to $X in 2022. Over the period under review, exports, however, showed measured growth. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

The United Arab Emirates (X tons), Spain (X tons) and the Czech Republic (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Russia, together accounting for 60% of total exports. Lithuania, Turkey, the Netherlands, Portugal, Serbia, Germany, Greece and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +104.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Spain ($X) and the Czech Republic ($X) appeared to be the largest markets for high-tenacity filament nylon yarn exported from Russia worldwide, with a combined 59% share of total exports. Lithuania, Turkey, Portugal, the Netherlands, Serbia, Germany, Greece and Italy lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Lithuania, with a CAGR of +101.2%, 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

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, which is down by -10% against the previous year. In general, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per ton) and Spain ($X per ton), while the average price for exports to Italy ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+20.4%), while the prices for the other major destinations experienced a decline.

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

Imports into the Russian Federation

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides imported into Russia fell significantly to X tons, shrinking by -21% against 2021 figures. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports declined notably to $X in 2022. Over the period under review, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to Russia, with a 65% share of total imports. Moreover, high-tenacity filament nylon yarn imports from Belarus exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+31.4% per year) and China (+0.4% per year).

In value terms, the largest high-tenacity filament nylon yarn suppliers to Russia were Belarus ($X), Slovakia ($X) and China ($X), with a combined 99% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, shrinking by -8.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 33%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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