Thailand: 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 Thailand

In 2021, the Thai 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. Over the period under review, consumption, however, showed a abrupt setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

Exports from Thailand

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from Thailand; growing by 955% on the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Thailand, accounting for a 75% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by Cambodia (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +159.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.9% per year) and Cambodia (+174.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Thailand, comprising 77% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Cambodia, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +151.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.3% per year) and Cambodia (+154.9% 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, flattening at the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 122%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (-2.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Thailand

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a pronounced slump. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 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 surged to $X in 2021. Overall, imports, however, recorded a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Thailand, accounting for a 81% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold. The third position in this ranking was taken by Vietnam (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-22.8% per year) and Vietnam (+16.1% per year).

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Thailand, comprising 76% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.1% share of total imports. It was followed by Japan, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-24.5% per year) and Japan (+3.2% 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, shrinking by -6% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 4.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :