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

Market Size for High-Tenacity Filament Yarn Of Polyesters

In 2021, after two years of decline, there was significant growth in the global high-tenacity filament polyester yarn market, when its value increased by 15% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters

In value terms, high-tenacity filament polyester yarn production expanded significantly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, global production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports

In 2021, overseas shipments of high-tenacity filament yarn of polyesters were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The global exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 61% of total exports in 2021. South Korea (X tons) ranks second in terms of the total exports with a 6.8% share, followed by Taiwan (Chinese) (5.5%). Germany (X tons), France (X tons), Indonesia (X tons), Spain (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.2% from 2012 to 2021. At the same time, Indonesia (+22.8%), Spain (+10.0%), the Netherlands (+1.8%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.8% from 2012-2021. By contrast, France (-1.1%), South Korea (-1.4%) and Germany (-3.2%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) and Indonesia (+2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-2.3 p.p.), France (-2.3 p.p.), Germany (-4.4 p.p.) and South Korea (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest high-tenacity filament polyester yarn supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by South Korea ($X), with a 7.3% share of global exports. It was followed by Germany, with a 6.9% share.

In China, high-tenacity filament polyester yarn exports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-3.9% per year) and Germany (-4.0% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 13%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%), while the other global leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports

In 2021, after two years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume increased by 31% to X tons. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), South Korea (X tons), India (X tons) and China (X tons) were the main importers of high-tenacity filament yarn of polyesters, together committing 37% of total imports. Turkey (X tons), Russia (X tons), Brazil (X tons), the Netherlands (X tons), France (X tons), Thailand (X tons), Mexico (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to high-tenacity filament polyester yarn imports into the United States stood at +7.5%. At the same time, Thailand (+20.2%), India (+13.8%), Russia (+12.5%), South Korea (+12.4%), China (+10.6%), Turkey (+10.2%), Mexico (+7.9%), Italy (+6.0%), France (+3.6%), Brazil (+2.9%) and the Netherlands (+2.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +20.2% from 2012-2021. Germany experienced a relatively flat trend pattern. While the share of India (+2.6 p.p.), South Korea (+2.3 p.p.), Thailand (+1.7 p.p.), the United States (+1.5 p.p.) and Russia (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters worldwide, comprising 13% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.3% share of global imports. It was followed by China, with a 5.2% share.

In the United States, high-tenacity filament polyester yarn imports expanded at an average annual rate of +2.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and China (+7.5% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while South Korea ($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 (-1.7%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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