India: 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 India

In 2021, the Indian 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. Over the period under review, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market reached 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 India

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports from India

In 2021, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from India amounted to X tons, remaining relatively unchanged against the year before. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,788% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,653%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from India, accounting for a 77% share of total exports. Moreover, exports of polypropylene 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, Saudi Arabia (X tons), fourfold. The third position in this ranking was taken by Nepal (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+85.7% per year) and Nepal (+2.0% per year).

In value terms, the United States ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from India, comprising 74% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Nepal, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +60.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+81.7% per year) and Nepal (+4.5% per year).

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with an increase of 39% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2021, overseas purchases 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, imports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 919% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 555%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Saudi Arabia (X tons) and South Korea (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to India, together comprising 91% of total imports. These countries were followed by Belgium, Japan, Vietnam and the United Arab Emirates, which together accounted for a further 7.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +162.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to India, comprising 59% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 29% share of total imports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +60.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-2.5% per year) and South Korea (+22.6% per year).

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, growing by 19% against the previous year. In general, the import price, however, saw a perceptible setback. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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