Finland: 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 Finland

In 2021, the Finnish market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 85% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a resilient increase. Consumption of peaked in 2021 and is expected to retain growth in the near future.

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

Exports from Finland

In 2021, shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 84,132% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports showed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) and Poland (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Finland.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +7,900.0%).

In value terms, the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Finland were the Czech Republic ($X) and Poland ($X).

Among the main countries of destination, the Czech Republic, with a CAGR of +2,761.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with a decrease of -40% against the previous year. Over the period under review, the export price showed a precipitous descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-24.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Finland

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 56% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 139%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2015 with an increase of 132% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Japan (X tons) and Denmark (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Finland, with a combined 88% share of total imports. The Czech Republic, Poland, Germany and Hungary lagged somewhat behind, together accounting for a further 9.5%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +58.7%), 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 suppliers to Finland were China ($X), Japan ($X) and Denmark ($X), with a combined 86% share of total imports. The Czech Republic, Poland, Germany and Hungary lagged somewhat behind, together comprising a further 11%.

The Czech Republic, with a CAGR of +79.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :