Asia: 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 Asia

After two years of decline, the Asian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 7.6% to $X in 2021. Over the period under review, consumption, however, recorded a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

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. Over the period under review, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced 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 failed to regain momentum.

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

Exports in Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 23% to X tons. The total export volume increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 31%. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, namely China, South Korea and Saudi Arabia, represented more than two-thirds of total export. It was distantly followed by India (X tons), achieving a 7.8% share of total exports. The following exporters - Turkey (X tons), the United Arab Emirates (X tons) and Japan (X tons) - together made up 11% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Saudi Arabia ($X) and China ($X) were the countries with the highest levels of exports in 2021, together accounting for 75% of total exports. India, Japan, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +42.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 the United Arab Emirates (+2.1%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 6.3% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 37% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in 2021 were Bangladesh (X tons), Turkey (X tons) and Israel (X tons), together resulting at 46% of total import. Saudi Arabia (X tons) took the next position in the ranking, followed by Japan (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons). All these countries together took approx. 26% share of total imports. The following importers - Vietnam (X tons), India (X tons), China (X tons), Malaysia (X tons) and Indonesia (X tons) - each finished at a 20% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together comprising 44% of total imports. These countries were followed by Saudi Arabia, Japan, Taiwan (Chinese), China, Indonesia, Malaysia, Thailand, Vietnam and India, which together accounted for a further 46%.

India, with a CAGR of +30.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 stood at $X per ton in 2021, picking up by 14% against the previous year. In general, the import price, however, recorded a slight setback. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :