Israel: 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 Israel

The Israeli market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021, picking up by 46% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021 estimated in export price. Overall, production posted a measured expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 91% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 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 Israel

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 508% to X tons, rising for the third year in a row after six years of decline. Overall, exports, however, saw a abrupt slump. Over the period under review, the exports of hit record highs 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 surged to $X in 2021. Over the period under review, exports, however, showed a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports 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 Israel, accounting for a 84% 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, Canada (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+73.4% per year) and Australia (-12.9% per year).

In value terms, the United States ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Israel, comprising 84% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+82.2% per year) and Australia (-14.8% 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, which is down by -15.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($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 Canada (+5.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Israel

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 8.9% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Overall, imports, however, showed a mild slump. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), South Korea (X tons) and Denmark (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Israel, together accounting for 86% of total imports. Belgium and China lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), South Korea ($X) and Denmark ($X) were the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Israel, together accounting for 86% of total imports. These countries were followed by Belgium and China, which together accounted for a further 11%.

China, with a CAGR of +36.0%, saw the highest growth rate of the value of imports, among the main suppliers 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, jumping by 40% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Denmark ($X per ton), while the price for Italy ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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