EU: 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 the EU

The EU market for other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2021, falling by -6% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 23%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

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

Exports in the EU

In 2021, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning in the European Union soared to X tons, increasing by 67% against the previous year's figure. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.6% against 2019 indices. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 35%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X tons) and Italy (X tons) were the major exporters of other synthetic tow and staple not carded, combed or otherwise processed for spinning in the European Union, together accounting for approx. 61% of total exports. Belgium (X tons) held the next position in the ranking, distantly followed by Portugal (X tons) and the Netherlands (X tons). All these countries together took near 28% share of total exports. Austria (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in the European Union, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +14.5%. In the other countries, the average annual rates were as follows: Italy (+17.6% per year) and Austria (-0.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with a decrease of -20.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.1%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning rose rapidly to X tons in 2021, surging by 8.7% against the year before. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons) and Italy (X tons) represented the major importers of other synthetic tow and staple not carded, combed or otherwise processed for spinning in 2021, amounting to approx. 28% and 26% of total imports, respectively. It was distantly followed by Belgium (X tons), France (X tons) and Poland (X tons), together constituting a 30% share of total imports. The Netherlands (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +11.5%), while purchases 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 importing markets in the European Union were Germany ($X), Italy ($X) and Belgium ($X), together accounting for 68% of total imports. France, Poland, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 22%.

Poland, with a CAGR of +8.4%, 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the import price, however, recorded a perceptible decrease. The level of import 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 importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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