Overview of the Global Market for High-Tenacity Filament Yarn Of Aramids

Market Size for High-Tenacity Filament Yarn Of Aramids

The global high-tenacity filament aramids yarn market fell slightly to $X in 2022, which is down by -3% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2021, and then dropped in the following year.

Production of High-Tenacity Filament Yarn Of Aramids

In value terms, high-tenacity filament aramids yarn production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 13%. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports

In 2022, overseas shipments of high-tenacity filament yarn of aramids decreased by -30.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, high-tenacity filament aramids yarn exports fell notably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. The global exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

South Korea (X tons) and the United States (X tons) represented roughly 48% of total exports in 2022. Belgium (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by China (8%), the Czech Republic (6.5%) and the Netherlands (4.7%). Japan (X tons), Hong Kong SAR (X tons) and Romania (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +134.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn supplying countries worldwide were South Korea ($X), the United States ($X) and Belgium ($X), together comprising 63% of global exports.

Belgium, with a CAGR of +149.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, rising by 5.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 6.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the other global leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported worldwide; growing by 4.3% on 2021 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, high-tenacity filament aramids yarn imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), China (X tons), Italy (X tons), Poland (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Brazil (X tons) represented the major importers of high-tenacity filament yarn of aramids, together making up 65% of total imports. The following importers - India (X tons), Indonesia (X tons), France (X tons), Mexico (X tons) and Turkey (X tons) - together made up 14% of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament aramids yarn imports into the United States stood at +5.0%. At the same time, Indonesia (+27.1%), the Netherlands (+20.4%), Poland (+20.1%), Turkey (+12.7%), Italy (+10.0%), India (+9.9%), Mexico (+8.7%), China (+4.2%), Brazil (+2.9%), France (+1.8%), Germany (+1.2%) and the Czech Republic (+1.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +27.1% from 2012-2022. Poland (+4.8 p.p.), the Netherlands (+3.8 p.p.), Italy (+3.4 p.p.), Indonesia (+2.6 p.p.), the United States (+1.7 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while the Czech Republic and Germany saw its share reduced by -1.6% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest high-tenacity filament aramids yarn importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined 35% share of global imports. Italy, Poland, Brazil, the Netherlands, France, India, Turkey, Mexico, Indonesia and the Czech Republic lagged somewhat behind, together comprising a further 41%.

Indonesia, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, picking up by 2.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 5.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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