SADC: 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 SADC

The SADC high-tenacity filament nylon yarn market contracted to $X in 2022, falling by -3.7% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, high-tenacity filament nylon yarn production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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

Exports in SADC

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides increased by 67% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 131% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, high-tenacity filament nylon yarn exports soared to $X in 2022. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of high-tenacity filament yarn of nylon or other polyamides in SADC, committing 99% of total export.

South Africa was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides exports, with a CAGR of +17.4% from 2012 to 2022. South Africa (+14 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest high-tenacity filament nylon yarn supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +9.5%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 27%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -6.7% per year.

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

Imports in SADC

High-tenacity filament nylon yarn imports fell to X tons in 2022, which is down by -13.2% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 19%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports reduced markedly to $X in 2022. Overall, imports saw a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by 57%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) and Madagascar (X tons) represented the key importers of high-tenacity filament yarn of nylon or other polyamides in SADC, together comprising 74% of total imports. It was distantly followed by Lesotho (X tons), achieving a 17% share of total imports. The following importers - Tanzania (X tons) and Zambia (X tons) - each finished at a 6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lesotho (with a CAGR of +54.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), South Africa ($X) and Lesotho ($X) constituted the countries with the highest levels of imports in 2022, together comprising 93% of total imports.

In terms of the main importing countries, Lesotho, with a CAGR of +56.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, which is down by -5.4% against the previous year. Over the period under review, the import price saw a slight slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 32% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform