Denmark: 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 Denmark

The Danish market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose rapidly to $X in 2021, picking up by 11% against the previous year. Overall, consumption, however, recorded a prominent increase. Consumption of peaked in 2021 and is likely to see gradual growth in the near future.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Denmark

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 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 Denmark

After six years of decline, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 98% to X kg in 2021. Overall, exports, however, showed a dramatic setback. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic decline. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg), the Netherlands (X kg) and Germany (X kg) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Denmark, together accounting for 83% of total exports.

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 -43.6%), while the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Denmark, comprising 57% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-64.6% per year) and Italy (-64.6% 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 7.1% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth was the most pronounced in 2020 an increase of 852%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+41.6%), 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 Denmark

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Denmark; with a decrease of -17.5% against 2020 figures. Overall, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2013 when imports increased by 33%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 33% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Denmark, with a 79% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-6.6% per year) and Italy (+221.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Denmark, comprising 77% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports. It was followed by Italy, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-5.8% per year) and Italy (+239.1% per year).

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 52% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for the United States ($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 UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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