Brazil: 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 Brazil

In 2021, after two years of decline, there was significant growth in the Brazilian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 15% to $X. In general, consumption, however, recorded a abrupt decline. 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 Brazil

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. Over the period under review, production of hit record highs 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 from Brazil

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 89% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible reduction. The exports peaked at X tons in 2016; however, from 2017 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 soared to $X in 2021. In general, exports, however, saw a noticeable slump. 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

Argentina (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Brazil, with a 63% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), fivefold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+14.4% per year) and Turkey (-11.5% per year).

In value terms, Argentina ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Brazil, comprising 64% of total exports. The second position in the ranking was held by Uruguay ($X), with a 13% share of total exports. It was followed by Paraguay, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+16.0% per year) and Paraguay (+17.0% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 8.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 9.6%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Turkey ($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 Peru (+3.8%), 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 Brazil

Imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into Brazil surged to X tons in 2021, jumping by 68% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 87%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Brazil, with a 40% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from South Korea exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+390.0% per year) and China (+9.2% per year).

In value terms, South Korea ($X), Turkey ($X) and China ($X) were the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Brazil, together comprising 74% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +314.4%, recorded the highest rates of growth with regard to 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, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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