Australia: 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 Australia

The Australian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021, picking up by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +44.0% against 2017 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

Exports from Australia

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from Australia; dropping by -37.4% on the previous year's figure. Over the period under review, exports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,135%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reduced dramatically to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 347% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Australia, accounting for a 87% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+27.2% per year) and Cocos (Keeling) Islands (0.0% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and Cocos (Keeling) Islands ($X) appeared to be the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Australia worldwide, together comprising 99% of total exports.

Papua New Guinea, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, rising by 15% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 451% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cocos (Keeling) Islands ($X per ton), while the average price for exports to New Zealand ($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 New Zealand (+2.5%), while the prices for the other major destinations experienced a decline.

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

Imports into Australia

In 2021, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into Australia expanded slightly to X tons, surging by 4.7% compared with the previous year. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 87%. Imports peaked at X tons in 2014; however, from 2015 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 skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.5% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 67% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Australia, with a 61% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.0% per year) and the UK (-6.9% per year).

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Australia, comprising 56% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by the UK, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+23.6% per year) and the UK (-10.6% per year).

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, with an increase of 25% against the previous year. Overall, the import price, however, saw a slight decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($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 (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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