Japan: 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 Japan

After two years of decline, the Japanese market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 4.3% to $X in 2021. In general, consumption, however, continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, production of reached the peak level 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 Japan

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a mild downturn. 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), Indonesia (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 Japan, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +52.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Japan were the United States ($X), Indonesia ($X) and the Philippines ($X), with a combined 83% share of total exports.

Indonesia, with a CAGR of +47.1%, 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 more modest paces of growth.

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, rising by 4.3% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2014 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Thailand (-1.1%), 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 Japan

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -8.1% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 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 shrank to $X in 2021. In general, imports recorded a slight reduction. The pace of growth was the most pronounced in 2019 when imports increased by 23%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Japan, accounting for a 69% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Indonesia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.0% per year) and Indonesia (+8.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Japan, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and Indonesia (+5.5% 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, with an increase of 2.7% against the previous year. Overall, the import price, however, showed a noticeable descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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