EU: Aramids Staple Market 2024

Aramids Staple Market Size in the EU

The EU aramids staple market expanded sharply to $X in 2022, increasing by X% against the previous year. The total consumption indicated prominent 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, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Aramids Staple Production in the EU

In value terms, aramids staple production declined modestly to $X in 2022 estimated in export price. The total production indicated a prominent expansion 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 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Aramids Staple Exports

Exports in the EU

In 2022, shipments abroad of aramids staple decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, aramids staple exports totaled $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons) and Spain (X tons) represented the key exporters of aramids staple in the European Union, together reaching approx. X% of total exports. France (X tons) ranks next in terms of the total exports with a X% share, followed by Germany (X%). Slovakia (X tons) and Italy (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and France ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while Slovakia ($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.

Aramids Staple Imports

Imports in the EU

In 2022, aramids staple imports in the European Union rose notably to X tons, increasing by X% on the previous year's figure. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aramids staple imports expanded sharply to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Belgium (X tons) was the key importer of aramids staple, mixing up X% of total imports. It was distantly followed by Germany (X tons), the Netherlands (X tons), Italy (X tons) and Spain (X tons), together mixing up a X% share of total imports. The following importers - France (X tons) and Portugal (X tons) - together made up X% of total imports.

Belgium was also the fastest-growing in terms of the aramids staple imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Portugal (X%), Spain (X%), France (X%) and Germany (X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium, Spain and the Netherlands increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported aramids staple in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Spain ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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