South Africa: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in South Africa

The South African high-tenacity filament aramids yarn market fell to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. High-tenacity filament aramids yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in South Africa

In value terms, high-tenacity filament aramids yarn production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from South Africa

In 2022, after five years of growth, there was significant decline in overseas shipments of high-tenacity filament yarn of aramids, when their volume decreased by -47.6% to X tons. In general, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 1,637% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 1,876%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for high-tenacity filament aramids yarn exports from South Africa, accounting for a 62% share of total exports. Moreover, high-tenacity filament aramids yarn exports to the Netherlands exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+360.6% per year) and Zambia (+225.5% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for high-tenacity filament yarn of aramids exports from South Africa, comprising 87% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe stood at +413.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-25.9% per year) and Zambia (+193.5% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, growing by 147% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 360% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to the Netherlands ($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 Zimbabwe (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into South Africa

In 2022, the amount of high-tenacity filament yarn of aramids imported into South Africa expanded significantly to X tons, surging by 10% against the previous year. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +129.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 108% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, high-tenacity filament aramids yarn imports soared to $X in 2022. Over the period under review, imports showed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to South Africa, together comprising 77% of total imports. China, South Korea, Spain and Belgium lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +142.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to South Africa, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+69.3% per year) and the Netherlands (-7.6% per year).

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, surging by 6.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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