Russian Federation: 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 the Russian Federation

In 2021, the Russian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a abrupt contraction. Consumption of peaked at $X in 2014; however, from 2015 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 the Russian Federation

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. Production of peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports from the Russian Federation

In 2021, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Russia surged to X tons, jumping by 87% on 2020. In general, exports showed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 233%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

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 saw significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 173%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Belarus (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Russia, with a 80% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold. Uzbekistan (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+19.5% per year) and Uzbekistan (+326.0% per year).

In value terms, Belarus ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Russia, comprising 74% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total exports. It was followed by Uzbekistan, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+15.4% per year) and Uzbekistan (+303.9% per year).

Export Prices by Country

The average export 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 11% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus ($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 Ukraine (-0.7%), 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 the Russian Federation

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -4.3% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2018 when imports increased by 196%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 199% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Denmark (X tons), China (X tons) and Switzerland (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Russia, with a combined 74% share of total imports. These countries were followed by Ukraine, Belgium, Germany, Belarus and Poland, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +103.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Russia were Denmark ($X), Switzerland ($X) and China ($X), together accounting for 64% of total imports. These countries were followed by Germany, Ukraine, Belgium, Belarus and Poland, which together accounted for a further 25%.

Belarus, with a CAGR of +92.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, rising by 25% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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