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

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

The Spanish high-tenacity filament polyester yarn market soared to $X in 2021, with an increase of 50% against the previous year. Overall, consumption, however, saw a slight curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Spain

In value terms, high-tenacity filament polyester yarn production surged to $X in 2021 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 65% against the previous year. High-tenacity filament polyester yarn production peaked in 2021 and is expected to retain growth in the near future.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Spain

In 2021, overseas shipments of high-tenacity filament yarn of polyesters decreased by -0.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 27% against the previous year. The exports peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Austria (X tons) and Belgium (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Spain, together comprising 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +43.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Spain were Germany ($X), Austria ($X) and Belgium ($X), with a combined 45% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +40.7%, 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 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, growing by 20% against the previous year. In general, the export price, however, saw a mild slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($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 Tunisia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Spain

In 2021, after two years of decline, there was significant growth in purchases abroad of high-tenacity filament yarn of polyesters, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable shrinkage. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Spain, with a 59% 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), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and Taiwan (Chinese) (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Spain, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Taiwan (Chinese) (-5.0% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for France ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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