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

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

The Slovak high-tenacity filament aramids yarn market rose markedly to $X in 2022, growing by 7.7% against the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Slovakia

In value terms, high-tenacity filament aramids yarn production soared to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 150% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Slovakia

After two years of growth, shipments abroad of high-tenacity filament yarn of aramids decreased by -50.6% to X tons in 2022. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 1,978% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports fell notably to $X in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 1,899%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Romania (X tons), the Netherlands (X kg) and Germany (X kg) were the main destinations of high-tenacity filament aramids yarn exports from Slovakia.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +11.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Slovakia, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+57.8% per year) and the Netherlands (-28.6% per year).

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, shrinking by -27.4% against the previous year. In general, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2013 an increase of 170%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+169.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Slovakia

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported into Slovakia; which is down by -39.3% against the previous year's figure. Overall, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 128%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn imports reduced rapidly to $X in 2022. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest high-tenacity filament aramids yarn supplier to Slovakia, accounting for a 63% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Sweden (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.2% per year) and Sweden (+1.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Slovakia, comprising 63% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.1% per year) and Sweden (+0.7% per year).

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, with a decrease of -12.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Italy ($X per ton), while the price for Sweden ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :