Belgium: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Belgium

In 2021, after two years of growth, there was decline in the Belgian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value decreased by -1.2% to $X. Over the period under review, consumption continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 2.8%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Belgium

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning reduced modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 2.5%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Belgium

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from Belgium; with an increase of 35% compared with 2020. Overall, exports showed slight growth. The pace of growth appeared the most rapid in 2014 with an increase of 426% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 373%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium, accounting for a 38% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.2% per year) and the Netherlands (-1.4% per year).

In value terms, the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 73% of total exports. These countries were followed by Spain, Lithuania, the UK, Ireland and Sweden, which together accounted for a further 21%.

Ireland, with a CAGR of +36.8%, recorded the highest growth rate of 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

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 5.7% against the previous year. In general, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden ($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 Germany (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Belgium

For the third year in a row, Belgium recorded growth in supplies from abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, which increased by 26% to X tons in 2021. Over the period under review, imports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports showed a mild expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Belgium, with a combined 74% share of total imports. China, France, Italy, Thailand and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +4,607.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Belgium, comprising 46% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.6% per year) and China (+8.8% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2013 an increase of 24%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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