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

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

The Scandinavia high-tenacity filament aramids yarn market shrank to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Scandinavia

In value terms, high-tenacity filament aramids yarn production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 121%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Scandinavia

In 2022, high-tenacity filament aramids yarn exports in Scandinavia soared to X tons, with an increase of 80% compared with the previous year. In general, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 615% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 179% 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

In 2022, Sweden (X tons) was the key exporter of high-tenacity filament yarn of aramids, constituting 58% of total exports. It was distantly followed by Norway (X tons), committing a 38% share of total exports. Finland (X kg) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +8.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2022.

Norway, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, falling by -24.2% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 157%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Scandinavia

In 2022, after two years of decline, there was growth in supplies from abroad of high-tenacity filament yarn of aramids, when their volume increased by 4.4% to X tons. In general, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports rose rapidly to $X in 2022. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 27%. 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

Sweden was the largest importing country with an import of about X tons, which amounted to 53% of total imports. Norway (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Finland (23%).

Imports into Sweden decreased at an average annual rate of -14.0% from 2012 to 2022. At the same time, Finland (+5.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.1% from 2012-2022. By contrast, Norway (-22.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Sweden increased by +20 and +9.9 percentage points, respectively.

In value terms, the largest high-tenacity filament aramids yarn importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 10% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament aramids yarn import price increased by +30.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 53%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform