Singapore: 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 Singapore

In 2021, the Singaporean market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 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 Singapore

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, showed a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 40%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports from Singapore

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Singapore declined significantly to X kg in 2021, which is down by -91% compared with the previous year. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 227% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank dramatically to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 179%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Singapore, accounting for a 85% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to China exceeded the volume sent to the second major destination, Tanzania (X kg), eightfold. Indonesia (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-50.7% per year) and Indonesia (-49.4% per year).

In value terms, China ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Singapore, comprising 40% of total exports. The second position in the ranking was held by Tanzania ($X), with a 20% share of total exports. It was followed by Papua New Guinea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-40.6% per year) and Papua New Guinea (-51.1% 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, standing approx. at the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 100%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to China ($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 Papua New Guinea (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -43.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 212% against the previous year. Over the period under review, imports of attained the peak figure 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 declined remarkably to $X in 2021. Over the period under review, imports saw a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of 126% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), the United States (X kg) and Malaysia (X kg) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Singapore, together accounting for 79% of total imports. These countries were followed by the UK, Germany, Hong Kong SAR, Indonesia and Belgium, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +76.8%), 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 Singapore were the United States ($X), China ($X) and Malaysia ($X), together accounting for 76% of total imports. These countries were followed by Germany, the UK, Hong Kong SAR, Belgium and Indonesia, which together accounted for a further 13%.

In terms of the main suppliers, Germany, with a CAGR of +68.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, reducing by -8% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 58%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 Belgium ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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