Polyamide Prices

Polyamide Prices June 2024

During the second quarter of 2024, polyamide prices in the United States reached 10710 USD/MT In June. The polyamide market faced rising prices due to a tighter supply chain and increased demand, particularly from the automotive industry. Higher freight rates and limited ocean freight space contributed to these price hikes, reflecting a strong demand and constrained supply environment.

Germany's polyamide market saw notable price increases in Q2 2024, impacted by rising feedstock costs and supply chain issues. Increased demand in automotive and textile sectors, alongside economic concerns, and inflation, pushed prices higher, reaching 6981 USD/MT, reflecting strong market momentum and pricing pressure.

Polyamide Prices December 2023

Polyamide prices in China for Q4 2023 reached 7548 USD/MT in December. Market conditions were weak on account of low demand and ample supply. A major maintenance shutdown at a key facility reduced production, contributing to moderate supply levels and stable pricing trends.           

In Q4 2023, Saudi Arabia's polyamide market showed stability with moderate demand and steady supply. Cheaper imports from Asia offset global cost pressures from plant shutdowns and currency changes, maintaining a low price of around 3782 USD/MT.

Regional Coverage

The report provides a detailed analysis of the polyamide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyamide price trend.

Global Polyamide Price

The report offers a holistic view of the global polyamide pricing trends in the form of polyamide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyamide historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyamide price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyamide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyamide Price

Q2 2024:

The European polyamide market experienced a sharp rise in prices in Q2 2024, driven by increased raw material costs and supply chain difficulties. Higher prices for essential feedstocks such as benzene, along with challenges like elevated freight costs and limited shipping availability, pushed prices higher. Sporadic demand spikes in sectors including automotive further contributed to price increases. Germany saw the highest price growth within Europe, with strong demand, tight supply conditions, and seasonal and global cost influences leading to a continued upward pricing trend.

Q1 2024: 

The European polyamide market encountered several difficulties during the first quarter of 2024, marked by a declining demand from the textile and automotive sectors, leading to a surplus in supply. Market sentiment was further dampened by fluctuations in raw material prices. Some of the major market players in the Germany witnessed a dip in polyamide prices due to weaker demand and sales. Production interruptions led to a trend of stability in pricing, reflecting the region's ongoing adjustment to economic conjuncture.   

Q4 2023:

The European polyamide market had a fluctuating performance during Q4 2023. A shortage of supply combined with high local demand led to an uptick in polyamide prices in October. As the quarter continued, the market reached equilibrium due to reduced demand from downstream sectors. By December, there was a substantial drop in new automobile registrations in the automotive industry, primarily due to the early cessation of incentives for electric vehicle purchases, leading to a lower market activity.

This analysis can be extended to include detailed polyamide price information for a comprehensive list of countries.

North America Polyamide Price

Q2 2024:

During Q2 2024, the market in North America saw a notable increase in prices, influenced by a restricted supply chain and growing demand for shipping worldwide. Higher freight costs impacted polyamide prices. Moreover, the resurrection in the manufacturing industry, mainly in automotive, drove up demand and prices. The U.S. experienced the greatest price volatility due to seasonal demand shifts and supply chain constraints. Overall, strong demand coupled with limited supply led to a favorable pricing environment, with expectations for continued growth in prices.      

Q1 2024:

In Q1 2024, the market in North America faced stable demand, with supply levels remaining steady. Demand decreased in key sectors, such as electronics, automotive, and textiles, which influenced the market negatively. A notable disruption happened when BASF SE's facility in Freeport, USA, shut down temporarily in January due to the cold weather. This, combined with fluctuations in crude oil rates and ongoing shipping delays, caused fluctuations in prices and instability in the market.   

Q4 2023:

In Q4 2023, North America's polyamide market showed a modest upward trend with a balanced economic scenario. During October, polyamide prices remained steady due to adequate inventories to sustain local needs, while raw material costs stabilized due to a small decline in crude oil prices, reducing production expenses. November saw rising costs for oil-based materials, leading to increased production costs despite better demand. In December, domestic orders increased, but overseas orders declined, causing a slight price drop during the holiday season.

Specific polyamide historical data within the United States and Canada can also be provided.

Middle East and Africa Polyamide Price

Q2 2024:

The polyamide market in the MEA saw prices decline due to weak demand from key sectors like textiles during Q2 2024. Market oversupply, combined with high inventories and logistical issues, further pressured prices downward. In Saudi Arabia, prices fell due to low demand and seasonal factors, reflecting a negative market sentiment. Despite some temporary stability, prices continued to decrease, indicating a challenging environment with weak demand, oversupply, and ongoing logistical disruptions in the Middle east and Africa region.    

Q1 2024:

In the Middle East and Africa, the polyamide market saw price increases in early 2024, driven by high-cost pressures across international markets and rising ocean freight prices. The region's market conditions were further strained by disruptions in shipping routes through the Red Sea, causing delays and impacting supplier performance. A constrained supply of polyamide in exporting countries and an increase in feedstock prices contributed to the rising costs. Despite these challenges, the market showed gradual adaptation to economic shifts by the end of the quarter.     

Q4 2023:

During the fourth quarter of 2023, the polyamide market in the MEA region experienced varied conditions influenced by a steady supply, moderate demand, and fluctuations in currency. In some locations, plant shutdowns led to increased costs, particularly for benzene. Despite the volatility in global markets, Saudi Arabia's market stayed steady on account of the influx of more affordable imports from Asia. The prices remained low driven by moderate demand and pressure from cheaper imports, leading to a generally bearish market trend.

In addition to region-wise data, information on polyamide prices for countries can also be provided.

Asia Pacific Polyamide Price

Q2 2024:

The Asia Pacific market faced downward pressure due to weak demand in key sectors including automotive and textiles during Q2 2024. Overproduction and high inventory levels led to excess supply, while growing freight costs and logistical problems added to the market challenges. South Korea experienced the most significant price drops, reflecting broader regional trends of declining demand and oversupply. Throughout the quarter, prices continued to fall, highlighting a challenging environment in the Asia Pacific polyamide market.

Q1 2024:

The market in Asia Pacific region experienced a mixed performance during Q1 2024, showing overall stability. Factors included an economic downturn, fluctuating crude oil costs, and reduced demand in industries like automotive and textiles, particularly in China. Conflicts affecting shipping routes in the Red Sea led to higher freight costs and lower order volumes. Despite these factors, prices in China remained stable due to consistent seasonal patterns and pricing trends.

Q4 2023:

During Q4 2023, polyamide prices in Asia Pacific showed mixed trends, largely due to oversupply and tepid demand. End-of-year sales helped clear inventory, contributing to a stable market. A scheduled maintenance shutdown at Li Peng Enterprise in December reduced production capacity significantly, adding to the market’s sluggishness. The supply of polyamide remained moderate, with prices experiencing minimal changes throughout the quarter, reflecting a stable trend in China and a modest rise in prices.   

This polyamide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyamide Price

The analysis of polyamide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Polyamide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyamide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of polyamide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyamide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyamide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyamide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyamide Market Analysis

The global polyamide industry size reached US$ 33.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.1 Billion, at a projected CAGR of 5.30% during 2023-2032.

• The global market is experiencing steady growth due to growing application of polyamide in the automotive industry. Polyamides are lightweight and have high strength and thermal stability, which progressively make automotive vehicles more fuel efficient and less polluting.
• Polyamides are gaining traction in the packaging industry due to their barrier properties against gases, moisture, and oils. Increasing demand for vacuum packaging and flexible packaging solutions, due to their ability to maintain quality as well as increase shelf life of food products, is anticipated to drive market growth.
• Continual technological advancements in polyamide composites are contributing to market growth. Emerging innovations in reinforced polyamides, which combine high mechanical strength with reduced weight, are finding applications in automotive, aerospace, and consumer goods, fuelling the market demand.
• The market is further benefiting from emerging innovation in high-performance polyamides that offer superior heat resistance, chemical resistance, and mechanical properties. These materials are increasingly used in demanding applications, such as automotive under-the-hood components and electrical connectors, enhancing market growth.
• Rising environmental concerns and regulations furthers steer the polyamide industry toward sustainable measures. The trend to develop bio-based and recycled polyamides is reliable due to the ecological footprint of companies that need such eco-friendly materials, in compliance with ever-stringent consumer demand.
• Besides this, the expanding electrical and electronics industry is facilitating the market as polyamide excellent insulating properties, mechanical strength, and resistance to chemicals make them ideal for components including switchers, connectors, and housings.
• The adoption of polyamides in renewable energy applications is further creating a positive market outlook as these materials are used in the manufacturing of wind turbine blades, solar panels, and other components due to their lightweight properties, durability, and resistance to environmental degradation.
• The market is also driven by increasing usage of polymer in consumer goods sector, including products, such as kitchen utensils, sports equipment, and luggage due to their durability, resistance to wear and tear, and aesthetic appeal.

Polyamide News

The report covers the latest developments, updates, and trends impacting the global polyamide industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyamide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyamide price trend.

Latest developments in the polyamide industry:

• On 23^rd May 2024, BASF India Limited increased the production capacity of its Ultramid polyamide (PA) and Ultradur polybutylene terephthalate (PBT) compounding plant. With the production capacity increase of over 40% in Panoli and Thane, BASF is well-positioned to meet the strong market demand for the high-performance material solution in India.   
• On 29^th April 2024, DOMO Chemicals has opened a €14 million technyl polyamide production facility in China. The new plant is focused increase current production capacity from 25,000to 35,000 tons and with the long-term vision of 50,000 tons yearly.

Product Description

Polyamide is a synthetic polymer that is composed of repeating units linked by amide bonds, widely used in various industrial applications due to its flexibility, strength, and resistance to wear and chemicals. It is manufactured through the polycondensation of diamines and dicarboxylic acids or through the polymerization of lactams. This manufacturing process is efficient and cost-effective, making polyamide a popular material for producing textiles, automotive components, and consumer goods.

Polyamide is widely used in numerous automotive applications, including gears, bearings and under-the-hood products due to its high mechanical strength and heat resistance. Also, it is used in electronics such as in the insulation of wires and the making of connectors due to its electrical insulating function. Polyamide is employed in the textile industry in the production of strong fabrics that are used in apparels, furnishing and industrial applications.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyamide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyamide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyamide price charts ensure our clients remain at the forefront of the industry.