South-Eastern Asia: 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 South-Eastern Asia

In 2021, the Southeast Asian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a deep contraction. Over the period under review, the market attained the peak level 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 South-Eastern Asia

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 4.6% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 139% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, exports saw a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 116%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Vietnam (X tons) represented the largest exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, creating 51% of total exports. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together mixing up a 49% share of total exports.

Vietnam was also the fastest-growing in terms of the polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports, with a CAGR of +61.2% from 2012 to 2021. At the same time, Thailand (+38.9%), Malaysia (+14.4%) and Indonesia (+4.5%) displayed positive paces of growth. While the share of Vietnam (+48 p.p.) and Thailand (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-5.9 p.p.) and Indonesia (-50.7 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 86% of total exports.

Vietnam, with a CAGR of +61.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

After two years of decline, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 28% to X tons in 2021. Overall, imports, however, recorded a pronounced descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a 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. In general, imports, however, saw a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, namely Thailand, Vietnam, Malaysia and Indonesia, represented more than two-thirds of total import. It was distantly followed by the Philippines (X tons), constituting a 5.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +26.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined 72% share of total imports. Vietnam and the Philippines lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, the Philippines, with a CAGR of +31.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, which is down by -4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 11%. Over the period under review, import prices reached 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 the Philippines ($X per ton), while Vietnam ($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 Philippines (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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