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

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

In 2021, the Scandinavia high-tenacity filament polyester yarn market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Polyesters in Scandinavia

In value terms, high-tenacity filament polyester yarn production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Scandinavia

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported in Scandinavia; growing by 135% against the year before. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark dominates exports structure, amounting to X tons, which was near 97% of total exports in 2021. Sweden (X tons) held a little share of total exports.

Denmark was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +9.4% from 2012 to 2021. At the same time, Sweden (+9.0%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest high-tenacity filament polyester yarn supplier in Scandinavia, comprising 97% of total exports. The second position in the ranking was taken by Sweden ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to +5.7%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with a decrease of -10.2% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-3.4%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Scandinavia

High-tenacity filament polyester yarn imports skyrocketed to X tons in 2021, increasing by 103% compared with the previous year's figure. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Denmark represented the main importing country with an import of about X tons, which accounted for 68% of total imports. Sweden (X tons) ranks second in terms of the total imports with a 22% share, followed by Norway (7.4%). Finland (X tons) held a minor share of total imports.

Denmark was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters imports, with a CAGR of +25.0% from 2012 to 2021. At the same time, Sweden (+1.6%) and Finland (+1.6%) displayed positive paces of growth. By contrast, Norway (-13.8%) illustrated a downward trend over the same period. Denmark (+52 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Norway saw its share reduced by -10.3% and -40.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in Scandinavia, comprising 61% of total imports. The second position in the ranking was held by Sweden ($X), with a 26% share of total imports. It was followed by Norway, with an 8.1% share.

In Denmark, high-tenacity filament polyester yarn imports expanded at an average annual rate of +20.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-1.1% per year) and Norway (-19.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 5.7%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform