Spain: 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 Spain

The Spanish high-tenacity filament nylon yarn market reached $X in 2022, surging by 5.4% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, high-tenacity filament nylon yarn production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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

Exports from Spain

In 2022, overseas shipments of high-tenacity filament yarn of nylon or other polyamides increased by 54% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 132% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, high-tenacity filament nylon yarn exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2017 with an increase of 177%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for high-tenacity filament nylon yarn exports from Spain, accounting for a 67% share of total exports. Moreover, high-tenacity filament nylon yarn exports to France exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. Poland (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.2% per year) and Poland (+16.3% per year).

In value terms, France ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Spain, comprising 46% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by Romania, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.1% per year) and Romania (+63.6% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to France ($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 Morocco (+7.4%), 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 Spain

High-tenacity filament nylon yarn imports into Spain amounted to X tons in 2022, increasing by 15% on 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 40%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +99.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Latvia (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Spain, with a combined 54% share of total imports. Turkey, Slovakia, the Netherlands, Taiwan (Chinese), the UK and Germany lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +120.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the Netherlands ($X) were the largest high-tenacity filament nylon yarn suppliers to Spain, with a combined 48% share of total imports. Russia, Slovakia, Latvia, Taiwan (Chinese), Germany and the UK lagged somewhat behind, together comprising a further 43%.

Taiwan (Chinese), with a CAGR of +124.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, growing by 14% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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