United Kingdom: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in the UK

The UK high-tenacity filament aramids yarn market soared to $X in 2022, with an increase of 35% against the previous year. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Aramids in the UK

In value terms, high-tenacity filament aramids yarn production amounted to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. High-tenacity filament aramids yarn production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from the UK

In 2022, overseas shipments of high-tenacity filament yarn of aramids decreased by -31.8% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,735% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports fell to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 3,918%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Italy (X tons) were the main destinations of high-tenacity filament aramids yarn exports from the UK, together accounting for 89% of total exports. Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further 5.1%.

From 2016 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +392.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for high-tenacity filament yarn of aramids exports from the UK, comprising 55% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Italy, with an 8.1% share.

From 2016 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +92.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.2% per year) and Italy (+34.9% per year).

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, increasing by 38% against the previous year. In general, export price indicated a resilient increase from 2016 to 2022: its price increased at an average annual rate of +12.4% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into the UK

High-tenacity filament aramids yarn imports into the UK dropped markedly to X tons in 2022, with a decrease of -58.3% against 2021 figures. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 71% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports declined significantly to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to the UK, together comprising 61% of total imports. The United States, Italy, Japan, Belgium and Germany lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +83.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and South Korea ($X) constituted the largest high-tenacity filament aramids yarn suppliers to the UK, with a combined 59% share of total imports. The United States, Spain, Japan, Germany and Belgium lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Japan, with a CAGR of +75.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, picking up by 38% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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