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

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

In 2021, the UK high-tenacity filament polyester yarn market increased by 56% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, high-tenacity filament polyester yarn production dropped to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 77%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from the UK

In 2021, overseas shipments of high-tenacity filament yarn of polyesters increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 127% 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 lower figure.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. In general, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for high-tenacity filament polyester yarn exports from the UK, accounting for a 56% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+73.1% per year) and the United States (+53.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from the UK, comprising 49% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Ireland, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.4% per year) and Ireland (+49.0% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, with an increase of 121% against the previous year. In general, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 India (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into the UK

In 2021, overseas purchases of high-tenacity filament yarn of polyesters increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 the UK, accounting for a 56% 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 taken by Spain (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and Spain (-0.3% per year).

In value terms, the largest high-tenacity filament polyester yarn suppliers to the UK were China ($X), Germany ($X) and the Netherlands ($X), with a combined 78% share of total imports.

In terms of the main suppliers, China, with a CAGR of +9.2%, saw 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

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, increasing by 20% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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