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

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

The Luxembourg market for polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022, picking up by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

Exports from Luxembourg

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons after three years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 472%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning rose markedly to $X in 2022. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 1,214% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

France (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Luxembourg, with a 80% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to France exceeded the volume sent to the second major destination, Germany (X kg), eightfold. The third position in this ranking was held by Switzerland (X kg), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+69.4% per year) and Switzerland (0.0% per year).

In value terms, France ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Luxembourg, comprising 60% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+63.6% per year) and Belgium (+32.4% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-3.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Luxembourg

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Luxembourg skyrocketed to X tons in 2022, picking up by 41% against the previous year's figure. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,856%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,516% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Luxembourg, with a 70% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +108.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+124.6% per year) and Germany (+54.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Luxembourg, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+102.7% per year) and Germany (+50.4% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 8.6% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 66%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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