EU: 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 the EU

After two years of decline, the EU market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 15% to $X in 2021. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. 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 the EU

In value terms, production of polypropylene 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 abrupt slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in the EU

In 2021, after five years of decline, there was significant growth in shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 10% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 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 recorded a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium represented the largest exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the European Union, with the volume of exports accounting for X tons, which was approx. 65% of total exports in 2021. It was distantly followed by Austria (X tons) and Italy (X tons), together generating a 23% share of total exports. The Czech Republic (X tons) and Germany (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning. At the same time, Austria (+352.0%), Germany (+17.1%), Italy (+6.7%) and the Czech Republic (+3.7%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +352.0% from 2012-2021. Austria (+12 p.p.), Italy (+5.1 p.p.), Belgium (+4.3 p.p.) and Germany (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in the European Union, comprising 63% of total exports. The second position in the ranking was held by Austria ($X), with a 13% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (+354.0% per year) and Italy (+7.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 41% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Austria ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.3%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons after four years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany was the key importer of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the European Union, with the volume of imports recording X tons, which was approx. 43% of total imports in 2021. Italy (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (7.4%), the Netherlands (5.8%) and France (5%). The following importers - Poland (X tons) and Spain (X tons) - each amounted to a 7.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +6.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning importing markets in the European Union were Germany ($X), Italy ($X) and the Czech Republic ($X), together accounting for 70% of total imports. The Netherlands, France, Spain and Poland lagged somewhat behind, together accounting for a further 20%.

Poland, with a CAGR of +7.6%, saw the highest growth rate of 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

In 2021, the import price in the European Union amounted to $X per ton, growing by 38% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Spain ($X per ton) and France ($X per ton), while Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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