Eastern Asia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Eastern Asia

After two years of decline, the East Asian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 4.4% to $X in 2021. Over the period under review, consumption, however, showed a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of 8.8% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 9.6%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports in Eastern Asia

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 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 surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) and South Korea (X tons) prevails in spinning structure, together making up 94% of total exports. It was distantly followed by Japan (X tons), creating a 5.8% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplying countries in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined 99% share of total exports.

China, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 4.7% against the previous year. In general, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 8.9%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2021, after three years of growth, there was significant decline in overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume decreased by -22.2% to X tons. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020, and then reduced notably in the following year.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reduced sharply to $X in 2021. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 15% against the previous year. The level of import peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

The countries with the highest levels of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in 2021 were Japan (X tons), Taiwan (Chinese) (X tons) and China (X tons), together finishing at 93% of total import. South Korea (X tons) and Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +19.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 91% of total imports.

Taiwan (Chinese), with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 3.1% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.5%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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