The demand for high-tenacity filament yarn of nylon and polyamides is on the rise globally, leading to an anticipated growth in market volume and value over the next decade. Forecasted CAGR rates suggest a steady expansion in market performance, with an increase in volume to 3M tons and value to $15B by the end of 2035.
Driven by increasing demand for high-tenacity filament yarns of nylon or other polyamides worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market volume to 3M tons by the end of 2035. In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market value to $15B (in nominal wholesale prices) by the end of 2035.
World's Consumption of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides
In 2024, the amount of high-tenacity filament yarn of nylon or other polyamides consumed worldwide was estimated at 2.8M tons, therefore, remained relatively stable against 2023. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the consumption volume increased by 7.2%. Over the period under review, global consumption reached the peak volume at 3M tons in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.
The global high-tenacity filament nylon yarn market size amounted to $12.2B in 2024, standing approx. at 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of 9.9% against the previous year. As a result, consumption attained the peak level of $12.9B. From 2023 to 2024, the growth of the global market remained at a lower figure.
China (758K tons) remains the largest high-tenacity filament nylon yarn consuming country worldwide, comprising approx. 27% of total volume. Moreover, high-tenacity filament nylon yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (308K tons), twofold. The third position in this ranking was held by the United States (238K tons), with an 8.6% share.
In China, high-tenacity filament nylon yarn consumption expanded at an average annual rate of +4.5% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+4.0% per year) and the United States (-1.2% per year). In value terms, China ($3B) led the market, alone. The second position in the ranking was held by the United States ($1.2B). It was followed by India. In China, the high-tenacity filament nylon yarn market expanded at an average annual rate of +4.9% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-0.2% per year) and India (+2.5% per year). The countries with the highest levels of high-tenacity filament nylon yarn per capita consumption in 2024 were Turkey (908 kg per 1000 persons), Russia (873 kg per 1000 persons) and Germany (710 kg per 1000 persons). From 2013 to 2024, the biggest increases were recorded for China (with a CAGR of +4.0%), while consumption for the other global leaders experienced more modest paces of growth.
World's Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides In 2024, global production of high-tenacity filament yarn of nylon or other polyamides amounted to 2.8M tons, almost unchanged from the previous year's figure. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 6.4%. Over the period under review, global production hit record highs at 3M tons in 2019; however, from 2020 to 2024, production remained at a lower figure.
In value terms, high-tenacity filament nylon yarn production rose modestly to $12.5B in 2024 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, global production reached the maximum level at $12.8B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.
China (853K tons) constituted the country with the largest volume of high-tenacity filament nylon yarn production, comprising approx. 31% of total volume. Moreover, high-tenacity filament nylon yarn production in China exceeded the figures recorded by the second-largest producer, India (287K tons), threefold. The third position in this ranking was held by the United States (220K tons), with an 8% share. In China, high-tenacity filament nylon yarn production expanded at an average annual rate of +4.3% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: India (+4.1% per year) and the United States (-1.1% per year).
World's Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides In 2024, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides increased by 2.6% to 346K tons for the first time since 2021, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, global imports hit record highs at 400K tons in 2017; however, from 2018 to 2024, imports remained at a lower figure. In value terms, high-tenacity filament nylon yarn imports contracted slightly to $1.5B in 2024. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Global imports peaked at $1.9B in 2022; however, from 2023 to 2024, imports failed to regain momentum.
In 2024, Thailand (30K tons), Vietnam (30K tons), the United States (28K tons), India (27K tons), China (24K tons), South Korea (19K tons), the Czech Republic (14K tons), Romania (14K tons) and the Philippines (13K tons) was the main importer of high-tenacity filament yarn of nylon or other polyamides in the world, achieving 58% of total import. Iran (11K tons) held a little share of total imports. From 2013 to 2024, the biggest increases were recorded for Romania (with a CAGR of +8.0%), while purchases for the other global leaders experienced more modest paces of growth. In value terms, Thailand ($144M), the United States ($117M) and China ($117M) were the countries with the highest levels of imports in 2024, with a combined 25% share of global imports. Vietnam, South Korea, India, Romania, the Czech Republic, the Philippines and Iran lagged somewhat behind, together comprising a further 35%. Romania, with a CAGR of +7.2%, recorded the highest rates of growth with regard to 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.
In 2024, the average high-tenacity filament nylon yarn import price amounted to $4,414 per ton, shrinking by -6.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, average import prices reached the peak figure at $5,233 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure. Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($5,556 per ton), while India ($3,069 per ton) was amongst the lowest. From 2013 to 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the other global leaders experienced more modest paces of growth.
World's Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides
In 2024, shipments abroad of high-tenacity filament yarn of nylon or other polyamides was finally on the rise to reach 341K tons after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. The global exports peaked at 394K tons in 2017; however, from 2018 to 2024, the exports stood at a somewhat lower figure. In value terms, high-tenacity filament nylon yarn exports contracted to $1.4B in 2024. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. The global exports peaked at $1.8B in 2022; however, from 2023 to 2024, the exports remained at a lower figure. In value terms, high-tenacity filament nylon yarn exports contracted to $1.4B in 2024. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. The global exports peaked at $1.8B in 2022; however, from 2023 to 2024, the exports remained at a lower figure.
China was the main exporter of high-tenacity filament yarn of nylon or other polyamides in the world, with the volume of exports resulting at 120K tons, which was approx. 35% of total exports in 2024. Japan (28K tons) held an 8.1% share (based on physical terms) of total exports, which put it in second place, followed by Canada (7.4%), Vietnam (5.2%), Thailand (5.1%), Germany (5.1%), Turkey (4.8%) and Taiwan (Chinese) (4.7%). The United States (9.8K tons) and the UK (7.7K tons) held a relatively small share of total exports. From 2013 to 2024, average annual rates of growth with regard to high-tenacity filament nylon yarn exports from China stood at +3.4%. At the same time, Thailand (+21.1%), Vietnam (+20.3%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.1% from 2013-2024. Japan experienced a relatively flat trend pattern. By contrast, the UK (-2.3%), Canada (-3.3%), Turkey (-3.5%), Germany (-3.7%) and the United States (-6.0%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China, Thailand and Vietnam increased by +11, +4.5 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period. In value terms, China ($381M) remains the largest high-tenacity filament nylon yarn supplier worldwide, comprising 27% of global exports. The second position in the ranking was held by Canada ($128M), with a 9% share of global exports. It was followed by Japan, with an 8.7% share. In China, high-tenacity filament nylon yarn exports increased at an average annual rate of +1.7% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Canada (-4.8% per year) and Japan (-2.2% per year).
The average high-tenacity filament nylon yarn export price stood at $4,177 per ton in 2024, with a decrease of -6.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The global export price peaked at $5,060 per ton in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure. Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($6,697 per ton), while China ($3,168 per ton) was amongst the lowest. From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the other global leaders experienced more modest paces of growth.
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