Germany: 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 Germany

In 2021, after four years of decline, there was growth in the German market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 4.7% to $X. Overall, consumption, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the market value increased by 7% against the previous year. Consumption of peaked at $X in 2013; however, from 2014 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 Germany

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a drastic downturn. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Germany

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons after two years of decline. Overall, exports recorded strong growth. The growth pace was the most rapid in 2018 when exports increased by 61% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Germany, with a 43% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the Czech Republic exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+39.2% per year) and Poland (+11.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Germany, comprising 31% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+38.4% per year) and Poland (+7.9% per year).

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, with an increase of 12% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Belgium ($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 Spain (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Germany dropped modestly to X tons, almost unchanged from the year before. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 19% against the previous year. Imports peaked at X tons in 2014; however, from 2015 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 soared to $X in 2021. The total import value increased at an average annual rate of +1.6% 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

Belgium (X tons), Denmark (X tons) and Italy (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany, with a combined 78% share of total imports. These countries were followed by Austria, the Czech Republic, Turkey, South Korea, the Netherlands and the UK, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +93.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Germany were Denmark ($X), Belgium ($X) and Italy ($X), with a combined 77% share of total imports. Austria, the Czech Republic, South Korea, the Netherlands, Turkey and the UK lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Turkey, with a CAGR of +70.4%, 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 average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 36% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($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 (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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