Chile: 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 Chile

In 2021, the Chilean market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 3.9% to $X, rising for the fourth consecutive year after five years of decline. In general, consumption faced a abrupt slump. Consumption of peaked at $X in 2012; however, from 2013 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 Chile

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -8.3% to X kg, falling for the fifth year in a row after five years of growth. Over the period under review, exports, however, saw a moderate increase. The pace of growth was the most pronounced in 2016 when exports increased by 3,881% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose slightly to $X in 2021. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 1,988%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Bolivia (X kg), Peru (X kg) and Argentina (X kg) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Chile.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +23.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Chile were Bolivia ($X), Peru ($X) and Argentina ($X).

Among the main countries of destination, Peru, with a CAGR of +22.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, picking up by 14% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Mexico (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Chile

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -0.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded significantly to $X in 2021. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Chile, with a combined 47% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +16.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Chile were South Korea ($X), Japan ($X) and Belgium ($X), with a combined 59% share of total imports. These countries were followed by the United States, Turkey, China, Portugal and South Africa, which together accounted for a further 20%.

In terms of the main suppliers, Turkey, with a CAGR of +14.7%, 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 mixed trend patterns.

Import Prices by Country

The average import 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 6% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 an increase of 28%. The import price peaked at $X per ton in 2014; however, from 2015 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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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