Luxembourg: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Luxembourg

The Luxembourg market for other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021, surging by 31% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Luxembourg

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021 estimated in export price. Over the period under review, production recorded modest growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 93% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Luxembourg

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Luxembourg shrank notably to X kg in 2020, dropping by 99.9% on 2019 figures. In general, exports faced a dramatic setback. The growth pace was the most rapid in 2014 with an increase of 174% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2020, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped dramatically to $X in 2020. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2017 when exports increased by 145%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Luxembourg.

From 2012 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2020, the rate of growth in terms of prices for Spain amounted to -3.9% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Luxembourg

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Luxembourg soared to X tons, rising by 176% on the previous year. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 204% 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 other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, imports, however, recorded a noticeable descent. The growth pace was the most rapid in 2013 when imports increased by 157% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Luxembourg, accounting for a 99% share of total imports. It was followed by Belgium (X kg), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +24.0%.

In value terms, Germany ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Luxembourg, comprising 95% of total imports. The second position in the ranking was held by Belgium ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.4%.

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, declining by -26.7% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-6.5%).

Source: IndexBox Platform

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