U.S.: Aramids Staple Market 2024

Aramids Staple Market Size in the U.S.

In 2021, the U.S. aramids staple market decreased by -81.2% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Aramids Staple Production in the U.S.

In value terms, aramids staple production contracted to $X in 2021. Over the period under review, production recorded a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 108% against the previous year. Aramids staple production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aramids Staple Exports

Exports from the U.S.

In 2021, shipments abroad of aramids staple decreased by -6.9% to X tons, falling for the third year in a row after two years of growth. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% 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 decreased by -27.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 54% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aramids staple exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Belgium (X tons) and Pakistan (X tons) were the main destinations of aramids staple exports from the United States, with a combined 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +140.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aramids staple exported from the United States were Mexico ($X), Canada ($X) and Hong Kong SAR ($X), with a combined 51% share of total exports. These countries were followed by Belgium, Pakistan, China and Taiwan (Chinese), which together accounted for a further 38%.

Among the main countries of destination, Pakistan, with a CAGR of +137.2%, saw the highest growth rate of 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 aramids staple export price amounted to $X per ton, surging by 53% against the previous year. In general, the export price, however, showed a mild slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium ($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 Hong Kong SAR (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aramids Staple Imports

Imports into the U.S.

In 2021, overseas purchases of aramids staple decreased by -23.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when imports increased by 57%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aramids staple imports reduced notably to $X in 2021. Over the period under review, imports, however, showed pronounced growth. The growth pace was the most rapid in 2017 with an increase of 63% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), South Korea (X tons) and France (X tons) were the main suppliers of aramids staple imports to the United States, together comprising 68% of total imports. Thailand, Spain, Japan, Belgium and China lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +124.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and South Korea ($X) appeared to be the largest aramids staple suppliers to the United States, together comprising 68% of total imports. These countries were followed by Spain, Thailand, Japan, China and Belgium, which together accounted for a further 29%.

Belgium, with a CAGR of +150.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, shrinking by -5.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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