Denmark: 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 Denmark

In 2021, the Danish market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 150% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports from Denmark

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Denmark soared to X tons in 2021, rising by 1,109% on the year before. Over the period under review, exports, however, saw a dramatic contraction. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, exports, however, recorded a precipitous decline. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Germany (X kg) and France (X kg) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Denmark, together accounting for 70% of total exports. These countries were followed by Poland, Turkey, the United States, China, the Netherlands, Canada and Sweden, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of -51.1%), while the other leaders experienced a decline.

In value terms, Italy ($X), Germany ($X) and Poland ($X) constituted the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Denmark worldwide, together accounting for 70% of total exports. These countries were followed by France, Turkey, the United States, China, the Netherlands, Canada and Sweden, which together accounted for a further 26%.

Turkey, with a CAGR of -44.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 55% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to France ($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 Sweden (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Denmark

In 2021, purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -88.3% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 1,261% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted markedly to $X in 2021. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 155% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Denmark, with a 75% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from the Czech Republic exceeded the figures recorded by the second-largest supplier, Norway (X tons), eightfold. Russia (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-3.5% per year) and Russia (0.0% per year).

In value terms, Sweden ($X), the Czech Republic ($X) and Norway ($X) appeared to be the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Denmark, together comprising 79% of total imports. Russia and the UK lagged somewhat behind, together comprising a further 19%.

Russia, with a CAGR of 0.0%, 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 a decline.

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, picking up by 55% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 124% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for the Czech Republic ($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 (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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