Global trade of HT nylon & other polyamides yarn growing

The total trade of high tenacity yarn of nylon and other polyamides gained by 15.72 per cent in 2018 over the previous year. It is anticipated to reach $7,067.90 million in 2021 with a CAGR of 9.24 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

In terms of value, the global export of high tenacity yarn of nylon and other polyamides was $1,903.52 million in 2015, which increased to $2,337.98 million in 2018 with a growth rate of 22.82 per cent. Total export of high tenacity yarn of nylon and other polyamides moved up by 21.34 per cent in 2018 over the previous year, and is expected to reach $2,871.59 million in 2021 with a CAGR of 7.09 per cent from 2018.

In terms of volume, the global export of high tenacity yarn of nylon and other polyamides was 350.78 thousand tonnes in 2015 and increased to 386.89 thousand tonnes in 2018 by 10.30 per cent. Total export of high tenacity yarn of nylon and other polyamides rose by 0.45 per cent in 2018 over the export of in 2017. It is expected to touch 426.72 thousand tonnes in 2021 with a CAGR of 3.32 per cent from 2018.

In 2018, China (109.33 thousand tonnes), Japan (35.74 thousand tonnes), Canada (30.99 thousand tonnes), the US (27.10 thousand tonnes) and Turkey (21.48 thousand tonnes) were the key exporters of high tenacity yarn of nylon and other polyamides across the globe, together comprising 58.06 per cent of total exports. These were followed by Taiwan (18.89 thousand tonnes), Belarus (18.85 thousand tonnes), South Korea (16.61 thousand tonnes), Slovakia (16.16 thousand tonnes) and the Netherlands (12.56 thousand tonnes).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by China (31.31 per cent) and Japan (22.22 per cent).

In value terms, China ($408.95 million), the US ($238.08 million), Belgium ($219.06 million), Japan ($198.84 million), South Korea ($163.07 million) and Netherlands ($161.03 million) were the key exporters of high tenacity yarn of nylon and other polyamides across the globe in 2018, together comprising 59.41 per cent of total export. These were followed by Canada ($144.61 million), the UK ($142.18 million), Italy ($93.49 million) and Turkey ($88.77 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by Belgium (19342.96 per cent), South Korea (65.52 per cent), the US (38.99 per cent) and China (24.88 per cent).

Fibre2Fashion News Desk (RKS)