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

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

The SADC high-tenacity filament aramids yarn market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Aramids in SADC

In value terms, high-tenacity filament aramids yarn production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in SADC

In 2022, shipments abroad of high-tenacity filament yarn of aramids decreased by -43.6% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2014 with an increase of 279%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports surged to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 212% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the key exporter of high-tenacity filament yarn of aramids in SADC, with the volume of exports reaching X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Mauritius (X tons), making up a 15% share of total exports.

Exports from South Africa decreased at an average annual rate of -35.0% from 2012 to 2022. At the same time, Mauritius (+14.2%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of +14.2% from 2012-2022. While the share of Mauritius (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-3.6 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest high-tenacity filament aramids yarn supplier in SADC, comprising 95% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 5% share of total exports.

In South Africa, high-tenacity filament aramids yarn exports contracted by an average annual rate of -18.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with an increase of 121% against the previous year. Over the period under review, the export price showed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 632% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.7%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in SADC

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported in SADC; growing by 11% compared with 2021. Total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +119.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +125.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near 96% of total imports in 2022. Angola (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the high-tenacity filament yarn of aramids imports, with a CAGR of +3.7% from 2012 to 2022. Angola (-14.3%) illustrated a downward trend over the same period. While the share of South Africa (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (-8.7 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported high-tenacity filament yarn of aramids in SADC, comprising 95% of total imports. The second position in the ranking was taken by Angola ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +2.7%.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by 6.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 6.9%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+7.2%).

Source: IndexBox Platform