Benelux: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Benelux

The Benelux high-tenacity filament aramids yarn market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Aramids in Benelux

In value terms, high-tenacity filament aramids yarn production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a perceptible descent. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Benelux

After four years of growth, overseas shipments of high-tenacity filament yarn of aramids decreased by X% to X tons in 2022. Over the period under review, exports recorded a noticeable descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, high-tenacity filament aramids yarn exports contracted markedly to $X in 2022. In general, exports saw a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

In 2022, Belgium (X tons) was the major exporter of high-tenacity filament yarn of aramids, constituting X% of total exports. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports. Luxembourg (X tons) took a relatively small share of total exports.

Belgium was also the fastest-growing in terms of the high-tenacity filament yarn of aramids exports, with a CAGR of X% from 2012 to 2022. Luxembourg (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest high-tenacity filament aramids yarn supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Luxembourg (X% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Benelux

In 2022, imports of high-tenacity filament yarn of aramids in Benelux skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, high-tenacity filament aramids yarn imports surged to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) represented the major importers of high-tenacity filament yarn of aramids in Benelux, together resulting at near X% of total imports. It was distantly followed by Luxembourg (X tons), achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform