Overview of the Global Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

The global high-tenacity filament nylon yarn market expanded modestly to $X in 2022, surging by 4.9% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

In value terms, high-tenacity filament nylon yarn production reduced slightly to $X in 2022 estimated in export price. The total output 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 2019 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were exported worldwide; declining by -3.8% on 2021 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The global exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of high-tenacity filament yarn of nylon or other polyamides, constituting 35% of total exports. Canada (X tons) held the second position in the ranking, followed by Japan (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and Thailand (X tons). All these countries together took near 34% share of total exports. The following exporters - Vietnam (X tons), Slovakia (X tons), the United States (X tons), Russia (X tons), Belarus (X tons), Latvia (X tons) and Indonesia (X tons) - together made up 22% of total exports.

Exports from China increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Thailand (+20.3%), Vietnam (+19.0%), Russia (+6.2%), Taiwan (Chinese) (+3.6%) and Latvia (+2.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.3% from 2012-2022. Japan, Turkey and Slovakia experienced a relatively flat trend pattern. By contrast, Canada (-2.5%), Indonesia (-3.4%), the United States (-4.9%) and Belarus (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand and Vietnam increased by +12, +4.1 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest high-tenacity filament nylon yarn supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by Canada ($X), with a 9.8% share of global exports. It was followed by Japan, with an 8.1% share.

In China, high-tenacity filament nylon yarn exports increased at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (-4.2% per year) and Japan (-2.2% per year).

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Indonesia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.7%), while the other global leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports

In 2022, global imports of high-tenacity filament yarn of nylon or other polyamides declined to X tons, stabilizing at 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Global imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Vietnam (X tons), India (X tons), China (X tons), Thailand (X tons), the United States (X tons), South Korea (X tons), the Czech Republic (X tons), Brazil (X tons), Taiwan (Chinese) (X tons), Portugal (X tons), Romania (X tons) and Indonesia (X tons) was the major importer of high-tenacity filament yarn of nylon or other polyamides in the world, generating 67% of total import. Italy (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +14.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn importing markets worldwide were China ($X), Thailand ($X) and Vietnam ($X), together accounting for 23% of global imports.

Vietnam, with a CAGR of +12.4%, saw 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

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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