Argentina: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 18% to $X. In general, consumption, however, showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Argentina

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of 34%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Argentina

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 41% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 86%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Argentina, accounting for a 68% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+31.4% per year) and Brazil (-21.6% per year).

In value terms, Uruguay ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Argentina, comprising 55% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 20% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Uruguay totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+23.1% per year) and Ecuador (+42.6% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 17% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of 168%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+71.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Argentina

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, saw a pronounced slump. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and South Korea (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Argentina, together accounting for 63% of total imports. The United States, Turkey, Belgium and Italy lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +84.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Argentina were Brazil ($X), China ($X) and South Korea ($X), with a combined 60% share of total imports. These countries were followed by the United States, Italy, Belgium and Turkey, which together accounted for a further 19%.

Among the main suppliers, Turkey, with a CAGR of +80.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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