Turkey: 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 Turkey

In 2021, the Turkish 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, recorded a noticeable decrease. Consumption of peaked 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 Turkey

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reached $X in 2021 estimated in export price. In general, production, however, saw a abrupt shrinkage. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports from Turkey

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Turkey skyrocketed to X tons in 2021, increasing by 18% compared with the previous year's figure. In general, exports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of 171% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by 200%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Italy (X tons) and Brazil (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Turkey, together accounting for 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +255.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Turkey were Brazil ($X), Germany ($X) and Italy ($X), together accounting for 47% of total exports.

Brazil, with a CAGR of +206.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, increasing by 25% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by +60.1% against 2017 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+10.3%), 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 Turkey

In 2021, after four years of growth, there was decline in purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume decreased by -4.4% to X tons. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 104% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020, and then shrank slightly in the following year.

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, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 85% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Belgium (X tons) and Denmark (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Turkey, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +46.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Belgium ($X) and China ($X) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Turkey, with a combined 72% share of total imports.

Belgium, with a CAGR of +44.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, growing by 28% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 the United States ($X per ton), while the price for Iran ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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