Slovakia: 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 Slovakia

The Slovak high-tenacity filament nylon yarn market reduced to $X in 2022, falling by -5.6% against the previous year. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, high-tenacity filament nylon yarn production contracted notably to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 46% against the previous year. High-tenacity filament nylon yarn production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports from Slovakia

In 2022, overseas shipments of high-tenacity filament yarn of nylon or other polyamides increased by 2.5% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports soared to $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value 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, exports increased by +125.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Slovakia, with a combined 59% share of total exports. Poland, France, Russia, Spain and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +31.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Hungary ($X) were the largest markets for high-tenacity filament nylon yarn exported from Slovakia worldwide, with a combined 55% share of total exports. France, Russia, Poland, Spain and the UK lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Russia, with a CAGR of +39.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, jumping by 38% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 nylon yarn export price increased by +72.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($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 Russia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Slovakia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported into Slovakia; with a decrease of -51.7% against the previous year's figure. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports declined dramatically to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 89%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X tons), the Netherlands (X tons) and Russia (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Slovakia, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +15.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Lithuania ($X), the Netherlands ($X) and Russia ($X) were the largest high-tenacity filament nylon yarn suppliers to Slovakia, with a combined 78% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of +18.0%, 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

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, surging by 21% against the previous year. In general, the import price saw a significant increase. The pace of growth was the most pronounced in 2015 an increase of 96%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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