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

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

The Ukrainian high-tenacity filament polyester yarn market skyrocketed to $X in 2021, growing by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Ukraine

In 2021, shipments abroad of high-tenacity filament yarn of polyesters increased by 228% to X tons, rising for the third year in a row after two years of decline. In general, exports showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,075%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 824%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for high-tenacity filament polyester yarn exports from Ukraine, accounting for a 78% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+159.3% per year) and Belarus (-14.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from Ukraine, comprising 73% of total exports. The second position in the ranking was held by Poland ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+97.9% per year) and Belarus (-19.2% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, which is down by -23.8% against the previous year. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Belarus (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Ukraine

High-tenacity filament polyester yarn imports into Ukraine soared to X tons in 2021, with an increase of 45% against 2020 figures. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. In general, imports saw perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Ukraine, with a 71% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +39.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-14.4% per year) and Taiwan (Chinese) (+51.3% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Ukraine, comprising 54% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and Taiwan (Chinese) (+52.5% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, picking up by 8.4% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :