Germany: 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 Germany

The German market for other synthetic tow and staple not carded, combed or otherwise processed for spinning fell slightly to $X in 2021, which is down by -2.5% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Germany

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 29%. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

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

Exports from Germany

For the third consecutive year, Germany recorded growth in shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, which increased by 17% to X tons in 2021. In general, exports saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of 175%. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 164% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Germany, with a 44% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to the United States exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.7% per year) and the UK (+78.7% per year).

In value terms, the United States ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Germany, comprising 28% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+74.5% per year) and Italy (+31.3% per year).

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, falling by -22.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 45%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Germany soared to X tons, increasing by 24% on the previous year. Over the period under review, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +231.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), China ($X) and Italy ($X) were the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Germany, with a combined 54% share of total imports.

Among the main suppliers, Italy, with a CAGR of +190.6%, saw the highest rates of growth with regard to 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

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, increasing by 24% against the previous year. In general, the import price, however, showed a deep slump. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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