Asia-Pacific: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

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

In 2021, the Asia-Pacific market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

After two years of decline, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 20% to X tons in 2021. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 34%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) and South Korea (X tons) represented the main exporters of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Asia-Pacific, together comprising 80% of total exports. India (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Japan (5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +32.2%), while 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 supplying countries in Asia-Pacific were South Korea ($X), China ($X) and India ($X), together comprising 89% of total exports.

India, with a CAGR of +29.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 8.8% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2018 an increase of 8.8% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

Imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose slightly to X tons in 2021, increasing by 3.7% compared with the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021. Overall, imports, however, recorded a slight setback. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Bangladesh was the key importing country with an import of about X tons, which recorded 27% of total imports. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Vietnam (X tons), India (X tons), Australia (X tons), China (X tons), Malaysia (X tons) and Indonesia (X tons), together committing a 67% share of total imports.

Imports into Bangladesh increased at an average annual rate of +18.9% from 2012 to 2021. At the same time, India (+34.1%), Taiwan (Chinese) (+19.3%), Australia (+7.9%) and Japan (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +34.1% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, China (-2.5%), Thailand (-3.7%), Malaysia (-6.6%) and Indonesia (-10.0%) illustrated a downward trend over the same period. Bangladesh (+20 p.p.), Taiwan (Chinese) (+6.6 p.p.), India (+6.3 p.p.) and Australia (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while China, Thailand, Malaysia and Indonesia saw its share reduced by -2.9%, -4.7%, -7.3% and -12% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2021, together comprising 41% of total imports. China, Australia, Indonesia, Malaysia, Thailand, Vietnam and India lagged somewhat behind, together accounting for a further 51%.

India, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 4.4% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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