Scandinavia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

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

For the third year in a row, the Scandinavia market for other synthetic tow and staple not carded, combed or otherwise processed for spinning recorded growth in sales value, which increased by 41% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +54.4% against 2018 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 Scandinavia

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. In general, production saw a relatively flat trend pattern. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

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

Exports in Scandinavia

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to X tons in 2021, rising by 1,875% against 2020. Over the period under review, exports, however, recorded a sharp shrinkage. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports, however, continue to indicate a sharp slump. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Finland prevails in spinning structure, recording X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Norway (X tons), comprising a 5.5% share of total exports. Denmark (X tons) followed a long way behind the leaders.

Finland was also the fastest-growing in terms of the other synthetic tow and staple not carded, combed or otherwise processed for spinning exports, with a CAGR of +32.7% from 2012 to 2021. At the same time, Norway (+19.8%) displayed positive paces of growth. By contrast, Denmark (-62.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Norway increased by +90 and +5.5 percentage points, respectively.

In value terms, Finland ($X) emerged as the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Scandinavia, comprising 68% of total exports. The second position in the ranking was taken by Norway ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland totaled +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+11.2% per year) and Denmark (-58.9% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, waning by -80.5% against the previous year. In general, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 797%. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+9.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 31% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible decrease. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Finland represented the key importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in Scandinavia, with the volume of imports recording X tons, which was approx. 77% of total imports in 2021. It was distantly followed by Sweden (X tons), constituting an 18% share of total imports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning imports into Finland stood at +14.2%. At the same time, Norway (+29.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +29.6% from 2012-2021. By contrast, Sweden (-18.4%) illustrated a downward trend over the same period. While the share of Finland (+61 p.p.) and Norway (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-59 p.p.) displayed negative dynamics.

In value terms, Finland ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Scandinavia, comprising 73% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports.

In Finland, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of +18.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-20.4% per year) and Norway (+22.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform