Southern Asia: 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 Southern Asia

The South Asian high-tenacity filament nylon yarn market declined to $X in 2022, waning by -6.3% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +38.1% against 2016 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

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

In value terms, high-tenacity filament nylon yarn production contracted to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

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

Exports in Southern Asia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were exported in Southern Asia; growing by 263% compared with the previous year's figure. In general, exports, however, continue to indicate a slight shrinkage. The volume of export 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 nylon yarn exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. 97% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Sri Lanka (+19.8%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +19.8% from 2012-2022. While the share of India (-1.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest high-tenacity filament nylon yarn supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 4% share of total exports.

In India, high-tenacity filament nylon yarn exports plunged by an average annual rate of -1.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by -9.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 37% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.4%).

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

Imports in Southern Asia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported in Southern Asia; with an increase of 2.7% compared with 2021. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +24.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, high-tenacity filament nylon yarn imports surged to $X in 2022. In general, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

India (X tons) represented roughly 97% of total imports in 2022.

India was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides imports, with a CAGR of +3.3% from 2012 to 2022. While the share of India (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported high-tenacity filament yarn of nylon or other polyamides in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +4.4%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of 12% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 import price increased by +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 43% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.0% per year.

Source: IndexBox Platform

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