Europe: 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 Europe

After two years of decline, the Europe market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 17% to $X in 2021. Overall, consumption, however, saw a noticeable slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

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. Over the period under review, production, however, recorded a drastic downturn. Over the period under review, production of hit record highs 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 Europe

After four years of decline, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 7.3% to X tons in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 19% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 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 soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Belgium (X tons) represented the major exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, achieving 63% of total exports. Austria (X tons) ranks second in terms of the total exports with a 12% share, followed by Italy (11%). The Czech Republic (X tons), the UK (X tons) and Germany (X tons) held a little share of total exports.

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 Europe, with a CAGR of +352.0% from 2012-2021. By contrast, the UK (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Austria, Belgium, Italy and Germany increased by +12, +6.2, +5.1 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Europe, comprising 61% of total exports. The second position in the ranking was taken by Austria ($X), with a 13% share of total exports. It was followed by Italy, with an 11% share.

In Belgium, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Austria (+354.0% per year) and Italy (+7.0% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, jumping by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. 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 the UK ($X per ton) and Belgium ($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 Europe

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after four years of decline. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 16%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene 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 +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) represented the largest importer of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, making up 39% of total imports. Italy (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by the UK (6.8%), the Czech Republic (6.8%), the Netherlands (5.3%) and France (4.6%). Poland (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. The UK, the Netherlands, France and Poland lagged somewhat behind, together comprising a further 21%.

In terms of the main importing countries, the UK, with a CAGR of +8.0%, recorded the highest growth rate of the value of imports, 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 Europe amounted to $X per ton, surging by 36% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained 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 France ($X per ton) and the Czech Republic ($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