Europe: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Europe

After two years of growth, the Europe man-made filament yarn market decreased by X% to $X in 2023. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Europe

In value terms, man-made filament yarn production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in Europe

In 2023, exports of man-made filament yarn in Europe reduced to X tons, waning by X% on 2022 figures. Overall, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports contracted to $X in 2023. In general, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, the Czech Republic (X tons) represented the main exporter of man-made filament yarn, constituting X% of total exports. Italy (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), Hungary (X%) and Germany (X%). The following exporters - Spain (X tons), France (X tons), Latvia (X tons), the Netherlands (X tons), Belarus (X tons) and the UK (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to man-made filament yarn exports from the Czech Republic stood at X%. At the same time, Latvia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Hungary and Spain experienced a relatively flat trend pattern. By contrast, the UK (X%), the Netherlands (X%), Belarus (X%), Germany (X%), France (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Hungary (X p.p.), Latvia (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while France, Germany, Belgium and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports in Europe

In 2023, purchases abroad of man-made filament yarn increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, man-made filament yarn imports fell modestly to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the UK (X tons), distantly followed by the Netherlands (X tons), Belgium (X tons), Italy (X tons), Germany (X tons), Denmark (X tons) and Spain (X tons) were the largest importers of man-made filament yarn, together achieving X% of total imports. The following importers - Poland (X tons), Romania (X tons), Russia (X tons), France (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. The Netherlands, Belgium, Denmark, Romania, Spain, Poland, France, Russia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2023, the import price in Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform