Europe: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in Europe

The Europe artificial staple fibre market fell sharply to $X in 2021, waning by -19.6% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Artificial Staple Fibre Production in Europe

In value terms, artificial staple fibre production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 94%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Artificial Staple Fibre Exports

Exports in Europe

In 2021, shipments abroad of artificial staple fibres was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a noticeable contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, artificial staple fibre exports stood at $X in 2021. Overall, exports, however, showed a pronounced decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the main exporter of artificial staple fibres in Europe, with the volume of exports reaching X tons, which was approx. 40% of total exports in 2021. It was distantly followed by Italy (X tons), France (X tons), Austria (X tons), Spain (X tons) and Serbia (X tons), together achieving a 59% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to artificial staple fibre exports from Germany stood at -1.2%. At the same time, Serbia (+206.7%), Spain (+23.1%), Italy (+10.7%) and Austria (+9.1%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +206.7% from 2012-2021. By contrast, France (-9.2%) illustrated a downward trend over the same period. While the share of Spain (+10 p.p.), Italy (+10 p.p.), Germany (+9.1 p.p.), Austria (+8.9 p.p.) and Serbia (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-8.7 p.p.) displayed negative dynamics.

In value terms, Germany ($X), Austria ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 77% of total exports. These countries were followed by France, Spain and Serbia, which together accounted for a further 22%.

Serbia, with a CAGR of +160.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, which is down by -7.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Artificial Staple Fibre Imports

Imports in Europe

In 2021, purchases abroad of artificial staple fibres decreased by -8.2% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, artificial staple fibre imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy was the major importer of artificial staple fibres in Europe, with the volume of imports amounting to X tons, which was approx. 33% of total imports in 2021. Austria (X tons) ranks second in terms of the total imports with a 17% share, followed by Bulgaria (9.4%), Belgium (7.5%), Portugal (7.1%) and the Czech Republic (5.8%). The following importers - the UK (X tons), Germany (X tons), Poland (X tons), Spain (X tons) and Romania (X tons) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial staple fibre importing markets in Europe were Italy ($X), Portugal ($X) and Belgium ($X), together comprising 54% of total imports. Austria, Bulgaria, the Czech Republic, Germany, Spain, Poland, the UK and Romania lagged somewhat behind, together accounting for a further 39%.

Austria, with a CAGR of +31.7%, saw the highest rates of growth with regard to the value of imports, among 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 Europe stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Portugal ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform