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

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

The Europe high-tenacity filament aramids yarn market expanded markedly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Aramids in Europe

In value terms, high-tenacity filament aramids yarn production rose sharply to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of high-tenacity filament yarn of aramids, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, high-tenacity filament aramids yarn exports declined significantly to $X in 2022. Overall, exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Exports by Country

In 2022, Belgium (X tons) represented the major exporter of high-tenacity filament yarn of aramids, mixing up X% of total exports. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%). Romania (X tons), the UK (X tons), Luxembourg (X tons), Poland (X tons) and Italy (X tons) followed a long way behind the leaders.

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. At the same time, Romania (X%), Poland (X%), the UK (X%) and Italy (X%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Luxembourg (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Romania (X p.p.), the UK (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (X p.p.) and 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 ($X) remains the largest high-tenacity filament aramids yarn supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked 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 Italy ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Europe

In 2022, purchases abroad of high-tenacity filament yarn of aramids increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 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.

In value terms, high-tenacity filament aramids yarn imports amounted to $X in 2022. The total import value increased at an average annual rate of X% 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 X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The purchases of the six major importers of high-tenacity filament yarn of aramids, namely Germany, Italy, Poland, Belgium, the Netherlands and the Czech Republic, represented more than two-thirds of total import. It was distantly followed by France (X tons), generating a X% share of total imports. The following importers - Estonia (X tons), Luxembourg (X tons), Spain (X tons), Romania (X tons), Russia (X tons) and Portugal (X tons) - together made up X% of total imports.

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

In value terms, the largest high-tenacity filament aramids yarn importing markets in Europe were Germany ($X), Italy ($X) and Poland ($X), together accounting for X% of total imports. The Netherlands, Belgium, France, the Czech Republic, Estonia, Spain, Luxembourg, Russia, Portugal and Romania lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Russia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform