Global Nylon 6 Quarterly Price Forecast, 2024 (Q1, Q2, Q3, Q4)

Industry Overview

The global nylon 6 market is majorly influenced by industries such as textile and automotive, and the trends related to the demand-supply for nylon 6 remain volatile. The volatility has a significant impact on the prices of nylon 6. For instance, China’s nylon 6 market has witnessed an increase in prices during the initial quarters of fiscal year 2023, owing to the destocking of textile products by enterprises at lower price due to the slowdown in demand from downstream textile industries.

Furthermore, the insufficient performance of the downstream textile industry is attributed to the subsequent fall in demand owing to economic parameters such as reduced commodity prices and decreased supply chain efficiencies. The trend is anticipated to remain consistent during the upcoming years. Hence, the country may witness high nylon 6 prices during the quarters of 2024.

Highsun Holding Group, a nylon manufacturer, has announced plans to commence operations at its nylon 6 production line in China in 2024, which may lead to an increasing supply of nylon 6 across the country, hence reducing price fluctuations in 2024.

Across Europe, the demand for nylon 6 is majorly driven by the textile industry, however, the textile industry across the European region has been in a state of deficit. According to the European Union (EU), in 2023, the region recorded a trade deficit across the textile industry, amounting to EUR 1.30 billion (USD 1.40 billion).

The trade deficit has been recorded from the past few years due to the gradual drop in imports from the rest of the world, which was followed by the impact of the Russia-Ukraine war, creating economic adversities due to supply-chain disruptions, and hence increasing the regional prices of Nylon-6.

The quarterly prices during 2024 are anticipated to increase gradually in view of the previous year’s trends, such as continuous disruption in the supply chain following the geopolitical implications of the Russia-Ukraine war. These disruptions are highly anticipated to reduce supply across the European textile industry compared to the regional demand during the forecast period.

Deliverable Overview

The deliverable consists of a quarterly price trend analysis of Nylon-6 for 2024 (Q1-Q4) at global and regional levels.  

Scope Details