Spain: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

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

The Spanish market for other synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021, shrinking by -14.8% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.4% against 2019 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Spain

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X, and then reduced notably in the following year.

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

Exports from Spain

In 2021, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Spain surged to X tons, growing by 145% on the year before. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 306% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 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 showed a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 344%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Spain, together comprising 45% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +81.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Spain, comprising 36% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +66.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.4% per year) and Italy (+12.3% per year).

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with a decrease of -9.7% against the previous year. In general, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 96%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cuba ($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 Bulgaria (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Spain; dropping by -3.6% compared with the previous year's figure. Over the period under review, imports, however, posted a perceptible increase. The growth pace was the most rapid in 2014 with an increase of 97% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reduced to $X in 2021. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Spain, with a combined 77% share of total imports. These countries were followed by Portugal, Germany, Morocco and Belgium, 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 Morocco (with a CAGR of +16,976.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Spain, comprising 74% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.4% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.9% per year) and Germany (+88.9% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, which is down by -5.3% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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