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

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

The Italian high-tenacity filament aramids yarn market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, the total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of High-Tenacity Filament Yarn Of Aramids in Italy

In value terms, high-tenacity filament aramids yarn production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. High-tenacity filament aramids yarn production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Italy

High-tenacity filament aramids yarn exports from Italy rose markedly to X tons in 2022, surging by X% on 2021 figures. Overall, total exports indicated a slight 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for high-tenacity filament aramids yarn exports from Italy, with a X% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Romania (X% per year).

In value terms, Germany ($X), the UK ($X) and France ($X) constituted the largest markets for high-tenacity filament aramids yarn exported from Italy worldwide, together accounting for X% of total exports. The United States, Spain, Turkey, Hungary, Ukraine, China, Romania, India, Israel and Belgium lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price 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, high-tenacity filament aramids yarn export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Italy

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 two years of decline. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, high-tenacity filament aramids yarn imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a prominent increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Italy, with a X% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

In value terms, the largest high-tenacity filament aramids yarn suppliers to Italy were the Netherlands ($X), Spain ($X) and Belgium ($X), together comprising X% of total imports. South Korea, Luxembourg, China and Germany lagged somewhat behind, together comprising a further X%.

Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and China ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform