MERCOSUR: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in MERCOSUR

The MERCOSUR 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, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports in MERCOSUR

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were exported in MERCOSUR; jumping by 66% on 2020 figures. Over the period under review, exports, however, saw a perceptible shrinkage. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 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 surged to $X in 2021. In general, exports, however, showed a perceptible descent. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil was the key exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in MERCOSUR, with the volume of exports reaching X tons, which was near 52% of total exports in 2021. Colombia (X tons) ranks second in terms of the total exports with a 25% share, followed by Argentina (10%) and Paraguay (7.8%). Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Brazil stood at -3.7%. At the same time, Paraguay (+77.5%) and Peru (+18.1%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +77.5% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Colombia (-6.6%) illustrated a downward trend over the same period. While the share of Paraguay (+7.7 p.p.), Peru (+3.4 p.p.) and Argentina (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-4.1 p.p.) and Colombia (-10.4 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in MERCOSUR, comprising 55% of total exports. The second position in the ranking was taken by Colombia ($X), with a 21% share of total exports. It was followed by Argentina, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled -3.8%. In the other countries, the average annual rates were as follows: Colombia (-9.3% per year) and Argentina (+6.7% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 14% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+13.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

Imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to X tons in 2021, rising by 68% against the previous year's figure. In general, imports, however, showed a mild slump. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 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 skyrocketed to $X in 2021. Overall, imports, however, recorded a perceptible reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil was the key importer of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in MERCOSUR, with the volume of imports resulting at X tons, which was near 52% of total imports in 2021. It was distantly followed by Peru (X tons), Colombia (X tons), Argentina (X tons) and Chile (X tons), together comprising a 43% share of total imports. Ecuador (X tons) held a little share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning. At the same time, Colombia (+4.9%) and Peru (+4.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +4.9% from 2012-2021. By contrast, Argentina (-3.3%), Ecuador (-8.7%) and Chile (-13.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Peru and Colombia increased by +9.1, +7.5 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in MERCOSUR, comprising 49% of total imports. The second position in the ranking was held by Colombia ($X), with an 18% share of total imports. It was followed by Peru, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+6.8% per year) and Peru (+0.0% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 13% against the previous year. In general, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform