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

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

In 2021, the Slovak high-tenacity filament polyester yarn market decreased by -98.7% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a precipitous decline. High-tenacity filament polyester yarn consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Polyesters in Slovakia

In value terms, high-tenacity filament polyester yarn production declined to $X in 2021 estimated in export price. In general, production showed a slight setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 200%. High-tenacity filament polyester yarn production peaked at $X in 2020, and then reduced in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Slovakia

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported from Slovakia; with an increase of 44% against 2020 figures. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. In general, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for high-tenacity filament polyester yarn exports from Slovakia, with a 90% share of total exports. Moreover, high-tenacity filament polyester yarn exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.5% per year) and Italy (-0.3% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Slovakia, comprising 96% of total exports. The second position in the ranking was taken by Germany ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.0% per year) and Italy (-1.8% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, surging by 10% against the previous year. In general, the export price, however, showed a perceptible reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Slovakia

In 2021, after three years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume increased by 43% to X tons. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 52%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Slovakia, accounting for a 55% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and the Netherlands (+14.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Slovakia, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Vietnam (+296.1% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, jumping by 23% against the previous year. In general, the import price, however, saw a pronounced contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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