Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in Primary Forms Market

The global market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms is forecasted to show growth in both consumption and production volumes over the next eight years. China leads in terms of both consumption and production, with significant increases in both areas. The market is expected to see an upward consumption trend, with a forecasted CAGR of +4.2% from 2022 to 2030. In terms of value, the market is projected to reach $65B by the end of 2030. Global consumption fell slightly in 2022 but has shown moderate growth over the past decade. China, the United States, and India are the top consumers of polyamide in primary forms. Production volumes have also shown growth, with China, the United States, and India leading in production levels. Import and export volumes have fluctuated over the years, with China, Germany, and the United States being the top importers and exporters of polyamide. Prices have varied by country, with France having the highest export price and India having one of the lowest import prices. Overall, the global market for polyamide is expected to continue growing in the coming years.

Market Forecast

Driven by increasing demand for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market volume to 19M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $65B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in Primary Forms

In 2022, global consumption of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms fell slightly to 14M tons, waning by -2.3% compared with 2021 figures. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.8% against 2018 indices. Over the period under review, global consumption of hit record highs at 15M tons in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The size of the market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms worldwide dropped slightly to $40B in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $44.8B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

China (3.2M tons) constituted the country with the largest volume of consumption of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms, accounting for 24% of total volume. Moreover, consumption of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms in China exceeded the figures recorded by the second-largest consumer, the United States (1.4M tons), twofold. The third position in this ranking was taken by India (1.4M tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +5.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+1.7% per year) and India (+8.1% per year).

In value terms, China ($9.2B) led the market, alone. The second position in the ranking was held by the United States ($4.3B). It was followed by India.

In China, the market of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+1.0% per year) and India (+6.4% per year).

The countries with the highest levels of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms per capita consumption in 2022 were Germany (8.4 kg per person), Saudi Arabia (6.7 kg per person) and Italy (6.4 kg per person).

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +12.2%), while forms for the other global leaders experienced more modest paces of growth.

Production

World Production of Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in Primary Forms

In 2022, the amount of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms produced worldwide reduced modestly to 14M tons, waning by -2.6% on the previous year's figure. In general, the total production indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 -7.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12%. Global production peaked at 15M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, production of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms reached $38B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $42.8B. From 2019 to 2022, global production of growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (3.3M tons), the United States (1.9M tons) and India (1.2M tons), together accounting for 47% of global production. Germany, Japan, Indonesia, Bangladesh, France, Italy, the UK, South Korea, Saudi Arabia and Turkey lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +13.3%), while forms for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in Primary Forms

In 2022, approx. 3.9M tons of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms were imported worldwide; dropping by -6.3% compared with the year before. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 4.2M tons, and then contracted in the following year.

In value terms, imports of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms amounted to $14.9B in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

China (453K tons) and Germany (440K tons) represented roughly 23% of total imports in 2022. Italy (240K tons) ranks next in terms of the total imports with a 6.1% share, followed by India (5.9%). The following importers - Belgium (162K tons), Mexico (159K tons), South Korea (152K tons), the United States (131K tons), Turkey (130K tons), Japan (126K tons), France (126K tons), Poland (111K tons) and Vietnam (107K tons) - together made up 31% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +24.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.7B), China ($1.5B) and Italy ($888M) appeared to be the countries with the highest levels of imports in 2022, with a combined 28% share of global imports. Belgium, India, Mexico, the United States, France, South Korea, Turkey, Vietnam, Poland and Japan lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Vietnam, with a CAGR of +27.6%, saw the highest growth rate of the value of imports, 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 import price for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms amounted to $3,818 per ton, rising by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($4,386 per ton), while India ($2,882 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in Primary Forms

In 2022, approx. 3.9M tons of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms were exported worldwide; waning by -7.2% against 2021 figures. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of 4.2M tons, and then declined in the following year.

In value terms, exports of polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms expanded to $14.3B in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Over the period under review, the global exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports By Country

The United States (622K tons), Germany (529K tons) and China (522K tons) represented roughly 43% of total exports in 2022. Belgium (280K tons) took the next position in the ranking, followed by the Netherlands (217K tons) and Italy (214K tons). All these countries together took near 18% share of total exports. Taiwan (Chinese) (165K tons), Poland (133K tons), France (116K tons), South Korea (110K tons), Canada (109K tons), Spain (106K tons) and Russia (100K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.5B), Germany ($2.3B) and China ($1.5B) constituted the countries with the highest levels of exports in 2022, together accounting for 44% of global exports.

Among the main exporting countries, China, with a CAGR of +13.5%, saw the highest growth rate of the value of exports, 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 export price for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms amounted to $3,710 per ton, picking up by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 26% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

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 France ($5,564 per ton), while Russia ($1,915 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform