Updated Feb 4, 2023 01:26

Market for High-Tenacity Filament Nylon Yarn in Australia and Oceania

Market Overview
The high-tenacity filament nylon yarn market in Australia and Oceania shrank to $ in , waning by -% 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). In general, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption failed to regain momentum.

In value terms, high-tenacity filament nylon yarn production dropped to $ in estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. The level of production peaked at $ in 2018; however, from 2019 to , production failed to regain momentum.

Papua New Guinea ( tons) remains the largest high-tenacity filament nylon yarn producing country in Australia and Oceania, comprising approx. % of total volume.

In Papua New Guinea, high-tenacity filament nylon yarn production expanded at an average annual rate of +% over the period from 2007-.


Consumption
In , consumption of high-tenacity filament yarn of nylon or other polyamides decreased by -% to tons, falling for the third consecutive year after four years of growth. In general, consumption, however, recorded resilient growth. Over the period under review, consumption reached the maximum volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.

The value of the high-tenacity filament nylon yarn market in Australia and Oceania dropped to $ in , shrinking by -% 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). Overall, consumption, however, recorded a prominent increase. The level of consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Consumption by Country
Papua New Guinea ( tons) remains the largest high-tenacity filament nylon yarn consuming country in Australia and Oceania, accounting for % of total volume. Moreover, high-tenacity filament nylon yarn consumption in Papua New Guinea exceeded the figures recorded by the second-largest consumer, New Zealand ( tons), ninefold.

From 2007 to , the average annual rate of growth in terms of volume in Papua New Guinea totaled +%. The remaining consuming countries recorded the following average annual rates of consumption growth: New Zealand (+% per year) and Australia (+% per year).

In value terms, Papua New Guinea ($) led the market, alone. The second position in the ranking was held by New Zealand ($).

From 2007 to , the average annual growth rate of value in Papua New Guinea stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: New Zealand (+% per year) and Australia (+% per year).

In Papua New Guinea, high-tenacity filament nylon yarn per capita consumption expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: New Zealand (+% per year) and Australia (-% per year).


Market Forecast
Driven by increasing demand for high-tenacity filament nylon yarn in Australia and Oceania, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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