High-Tenacity Filament Nylon Yarn Market

The article discusses the increasing demand for high-tenacity filament yarn of nylon or other polyamides globally, forecasting a growth trend with a CAGR of +4.5% from 2022 to 2030. Market performance is anticipated to expand both in volume and value terms with noticeable fluctuations over the years. Key consuming and producing countries, as well as import and export trends, are analyzed along with average prices and growth rates. China emerges as a significant player in both production and exports of high-tenacity filament nylon yarn, while Vietnam shows rapid growth in imports and exports. The data indicates a promising future for the market with steady growth expected in the coming years.

Market Forecast

Driven by increasing demand for high-tenacity filament yarn of nylon or other polyamides worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market volume to 3.8M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market value to $18.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

In 2022, consumption of high-tenacity filament yarn of nylon or other polyamides increased by 0.2% to 2.7M tons for the first time since 2019, thus ending a two-year declining trend. The total consumption volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 2.7M tons in 2019; afterwards, it flattened through to 2022.

The global high-tenacity filament nylon yarn market revenue reduced slightly to $11.2B in 2022, waning by -2.8% against 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 +3.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $11.6B, and then contracted in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (588K tons), the United States (377K tons) and India (246K tons), with a combined 45% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn markets worldwide were China ($1.9B), the United States ($1.6B) and Brazil ($1B), with a combined 40% share of the global market. India, Indonesia, Japan, Nigeria, Russia, Turkey, France and Ethiopia lagged somewhat behind, together comprising a further 31%.

Indonesia, with a CAGR of +8.6%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of high-tenacity filament nylon yarn per capita consumption in 2022 were the United States (1,125 kg per 1000 persons), Russia (880 kg per 1000 persons) and Turkey (869 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by China (with a CAGR of +6.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

In 2022, production of high-tenacity filament yarn of nylon or other polyamides decreased by -0.1% to 2.6M tons, falling for the second consecutive year after two years of growth. The total output volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Over the period under review, global production hit record highs at 2.7M tons in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, high-tenacity filament nylon yarn production contracted modestly to $9.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 13%. As a result, production attained the peak level of $10.9B. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (677K tons), the United States (367K tons) and India (222K tons), together accounting for 48% of global production.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +7.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

In 2022, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides increased by 0.5% to 373K tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, global imports hit record highs at 413K tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports surged to $1.9B in 2022. The total import value increased at an average annual rate of +1.8% 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 44% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports By Country

The countries with the highest levels of high-tenacity filament nylon yarn imports in 2022 were Vietnam (37K tons), India (28K tons), China (26K tons), Thailand (26K tons), the United States (22K tons), South Korea (20K tons), the Czech Republic (17K tons), Brazil (15K tons), Iran (12K tons), Portugal (12K tons), Taiwan (Chinese) (12K tons) and Indonesia (12K tons), together reaching 64% of total import. Romania (11K tons) held a minor 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 Vietnam (with a CAGR of +16.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament nylon yarn importing markets worldwide were Vietnam ($152M), China ($149M) and Thailand ($149M), with a combined 23% share of global imports.

Vietnam, with a CAGR of +15.0%, 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 global leaders experienced more modest paces of growth.

Import Prices By Country

The average high-tenacity filament nylon yarn import price stood at $5,167 per ton in 2022, growing by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Romania ($6,543 per ton), while Iran ($3,479 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides exported worldwide contracted slightly to 337K tons, waning by -2.6% on the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. The global exports peaked at 356K tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports expanded rapidly to $1.7B in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

China was the key exporter of high-tenacity filament yarn of nylon or other polyamides in the world, with the volume of exports reaching 115K tons, which was near 34% of total exports in 2022. Canada (29K tons) ranks second in terms of the total exports with an 8.5% share, followed by Japan (7.6%), Taiwan (Chinese) (5.9%), Turkey (5.7%), Vietnam (5.7%) and Thailand (5%). Slovakia (13K tons), the United States (12K tons), Belarus (8.7K tons), Russia (7.9K tons), Latvia (7.4K tons) and Indonesia (7.2K tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Vietnam (+20.3%), Thailand (+20.3%), Russia (+6.9%), Latvia (+2.9%) and Taiwan (Chinese) (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.3% from 2012-2022. Japan, Turkey and Slovakia experienced a relatively flat trend pattern. By contrast, Canada (-2.5%), Indonesia (-2.8%), the United States (-4.9%) and Belarus (-5.8%) illustrated a downward trend over the same period. China (+11 p.p.), Vietnam (+4.6 p.p.) and Thailand (+4 p.p.) significantly strengthened its position in terms of the global exports, while Belarus, the United States and Canada saw its share reduced by -3.3%, -3.8% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($480M) remains the largest high-tenacity filament nylon yarn supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by Canada ($155M), with a 9.3% share of global exports. It was followed by Japan, with a 7.7% share.

In China, high-tenacity filament nylon yarn exports increased at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (-4.2% per year) and Japan (-2.2% per year).

Export Prices By Country

The average high-tenacity filament nylon yarn export price stood at $4,941 per ton in 2022, with an increase of 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, the average export prices hit record highs at $4,945 per ton in 2012; afterwards, it flattened through to 2022.

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 Slovakia ($6,856 per ton), while Russia ($3,427 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform