Hong Kong SAR, China: 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 Hong Kong SAR, China

In 2021, the Hong Kong market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 8.9% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Hong Kong SAR, China

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Hong Kong SAR, China

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -74.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of 261% against the previous year. Over the period under review, the exports of attained the peak figure 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 reduced dramatically to $X in 2021. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 167% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Kenya (X tons) and the Philippines (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Hong Kong SAR, with a combined 97% share of total exports. Peru lagged somewhat behind, accounting for a further 2.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Kenya ($X), China ($X) and Peru ($X) constituted the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Hong Kong SAR worldwide, together accounting for 98% of total exports.

Peru, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

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 150% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to the Philippines ($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 the Philippines (+88.1%), 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 Hong Kong SAR, China

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Hong Kong SAR; reducing by -68.7% compared with the previous year. In general, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2016 when imports increased by 294%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined remarkably to $X in 2021. Overall, imports saw a significant decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 226% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Hong Kong SAR, with a combined 90% share of total imports. South Korea and the UK lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +5.0%), while imports for the other leaders experienced a decline.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Hong Kong SAR were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 75% share of total imports. South Korea and the UK lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, the UK, with a CAGR of -8.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

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, picking up by 34% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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