Finland: 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 Finland

In 2021, the Finnish market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.3% against 2012 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 6.6%. Production of peaked at $X in 2020, and then dropped slightly in the following year.

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

Exports from Finland

In 2021, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Finland dropped to X tons, approximately mirroring the previous year. Overall, exports saw a precipitous descent. The pace of growth was the most pronounced in 2019 with an increase of 83%. The exports peaked at X tons in 2012; however, from 2013 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 rose significantly to $X in 2021. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2013 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Finland, accounting for a 86% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Russia exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -21.4%.

In value terms, Russia ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Finland, comprising 86% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -21.6%.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up by 7.6% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 133%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.0%).

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

Imports into Finland

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 8.9% to X tons, rising for the third year in a row after three years of decline. In general, imports recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of 215,080%. Imports peaked at X tons in 2013; however, from 2014 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 stood at $X in 2021. Overall, imports showed slight growth. The growth pace was the most rapid in 2020 when imports increased by 203,828%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Finland, with a 67% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-4.1% per year) and Belgium (+18.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Finland, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Denmark, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and Denmark (-8.3% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, waning by -7.7% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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