Spain: 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 Spain

The Spanish market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose modestly to $X in 2021, surging by 3.3% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Spain

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 41% against the previous year. Production of 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 from Spain

After three years of growth, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -6.8% to X tons in 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 200% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 179%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Algeria (X tons) and France (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Spain, together accounting for 89% of total exports. Portugal and Germany lagged somewhat behind, together accounting for a further 9.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +114.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Algeria ($X) and Portugal ($X) constituted the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Spain worldwide, together accounting for 87% of total exports. France and Germany lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Germany, with a CAGR of +104.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 39% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Portugal ($X per ton), while the average price for exports to Germany ($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 Portugal (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Spain

For the third year in a row, Spain recorded decline in supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, which decreased by -18.5% to X tons in 2021. In general, imports saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Spain, accounting for a 59% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Denmark exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.1% per year) and Italy (+14.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Spain, comprising 59% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.2% per year) and Italy (+18.0% per year).

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, rising by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+54.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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