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

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

For the third consecutive year, the Swiss high-tenacity filament polyester yarn market recorded decline in sales value, which decreased by -16.6% to $X in 2021. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs 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 Switzerland

In value terms, high-tenacity filament polyester yarn production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Switzerland

In 2021, shipments abroad of high-tenacity filament yarn of polyesters was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for high-tenacity filament polyester yarn exports from Switzerland, with a 80% share of total exports. Moreover, high-tenacity filament polyester yarn exports to France exceeded the volume sent to the second major destination, Italy (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.1% per year) and Germany (-0.9% per year).

In value terms, France ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Switzerland, comprising 85% of total exports. The second position in the ranking was held by Germany ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.6% per year) and Italy (-10.2% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, falling by -5% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3.7% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 Germany (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in overseas purchases of high-tenacity filament yarn of polyesters, when their volume increased by 20% to X tons. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Switzerland, with a 69% share of total imports. Moreover, high-tenacity filament polyester yarn imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. China (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+43.2% per year) and China (+2.7% per year).

In value terms, Germany ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Switzerland, comprising 71% of total imports. The second position in the ranking was held by Spain ($X), with a 5% share of total imports. It was followed by China, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+35.3% per year) and China (-2.2% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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