Northern America: 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 Northern America

In 2021, after two years of decline, there was significant growth in the North American market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 15% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports in Northern America

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 8.2% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, the exports of reached the peak figure 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 soared to $X in 2021. Over the period under review, exports, however, saw a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 40%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in spinning structure, recording X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 5.9% share of total exports.

Exports from the United States decreased at an average annual rate of -5.6% from 2012 to 2021. At the same time, Canada (+15.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +15.8% from 2012-2021. Canada (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.9% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Northern America, comprising 95% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -2.0%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2017 when the export price increased by 15%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%).

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

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 50% to X tons. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 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 recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importing country with an import of around X tons, which resulted at 68% of total imports. It was distantly followed by Canada (X tons), constituting a 32% share of total imports.

The United States was also the fastest-growing in terms of the polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning imports, with a CAGR of +14.4% from 2012 to 2021. At the same time, Canada (+3.7%) displayed positive paces of growth. While the share of the United States (+21 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-21.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 38% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.4%).

Source: IndexBox Platform

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