Ireland: 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 Ireland

The Irish market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a abrupt slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Ireland

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, production of hit record highs 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 Ireland

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by 0% to X kg, falling for the second consecutive year after six years of growth. Overall, exports saw a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 50% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 73% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Ireland, with a 82% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the UK exceeded the volume sent to the second major destination, Germany (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -1.1%.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Ireland were the UK ($X), Germany ($X) and the Netherlands ($X).

The UK, with a CAGR of +9.6%, recorded the highest growth rate of 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, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Germany (+17.0%), 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 Ireland

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Ireland; rising by 68% compared with 2020. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 296% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 811% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and India (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Ireland, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +77.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and India ($X) were the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Ireland, together comprising 93% of total imports.

Germany, with a CAGR of +65.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The pace of growth appeared the most rapid in 2017 an increase of 288% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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