Belgium: 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 Belgium

In 2021, the Belgian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 when the market value increased by 5.2% against the previous year. Consumption of 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 Belgium

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from Belgium

After five years of decline, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 13% to X tons in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports 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 exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Canada (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium, with a combined 52% share of total exports. These countries were followed by the UK, the Czech Republic, the Netherlands, France, the United States, Poland and Spain, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Canada ($X) constituted the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Belgium worldwide, together comprising 53% of total exports. These countries were followed by the Czech Republic, the UK, the United States, the Netherlands, France, Poland and Spain, which together accounted for a further 34%.

Among the main countries of destination, the United States, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, 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, with an increase of 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.2%), 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 Belgium

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 17% to X tons, rising for the second year in a row after five years of decline. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 103% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 96%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Belgium, with a combined 59% share of total imports. The UK, Austria, China, France, South Africa and Turkey lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.5%), while imports 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 Belgium were the Netherlands ($X), Germany ($X) and Denmark ($X), together comprising 56% of total imports. These countries were followed by Austria, China, the UK, France, South Africa and Turkey, which together accounted for a further 33%.

In terms of the main suppliers, China, with a CAGR of +18.9%, 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, surging by 30% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for the Netherlands ($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 (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :