Greece: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Greece

In 2022, the Greek market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 63% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Greece

In 2022, after three years of growth, there was significant decline in shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -20.1% to X tons. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 481%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted significantly to $X in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 436%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Greece, with a 82% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Turkey exceeded the volume sent to the second major destination, Cyprus (X tons), ninefold. The third position in this ranking was taken by Italy (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+43.3% per year) and Italy (-12.7% per year).

In value terms, Turkey ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Greece, comprising 80% of total exports. The second position in the ranking was held by Cyprus ($X), with a 14% share of total exports. It was followed by Italy, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+41.0% per year) and Italy (-19.6% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, dropping by -14.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.4%), while the prices for the other major destinations experienced a decline.

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

Imports into Greece

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were imported into Greece; increasing by 48% against the year before. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. In general, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Greece, together accounting for 59% of total imports. China, Turkey, Romania, Algeria, Ireland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +263.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and China ($X) were the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Greece, together accounting for 61% of total imports. Thailand, Turkey, Algeria, Romania, Ireland and Taiwan (Chinese) lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Algeria, with a CAGR of +332.7%, saw 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 2022, the average import price for polyester 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. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ireland ($X per ton) and India ($X per ton), while the price for Romania ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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