China: 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 China

In 2021, the Chinese market for other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -0.9% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Production of peaked at $X in 2019; afterwards, it flattened through to 2021.

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

Exports from China

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from China; surging by 14% against the previous year. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.9% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from China, with a 24% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Brazil exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-3.5% per year) and Indonesia (+24.8% per year).

In value terms, Brazil ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from China, comprising 24% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.7% share of total exports. It was followed by Thailand, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.8% per year) and Thailand (-7.9% per year).

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, rising by 29% against the previous year. Overall, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Japan (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into China

After four years of growth, purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -15.5% to X tons in 2021. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 99% against the previous year. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 45%. Over the period under review, imports of reached the maximum at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to China, together comprising 84% of total imports. Thailand and Indonesia lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +153.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to China were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), together comprising 76% of total imports. Thailand and Indonesia lagged somewhat behind, together accounting for a further 11%.

Thailand, with a CAGR of +138.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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