U.S.: 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 the U.S.

In 2021, after five years of growth, there was decline in the U.S. market for other synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value decreased by -3.1% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +94.8% against 2015 indices. Consumption of peaked at $X in 2020, and then contracted slightly in the following year.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in the U.S.

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2021. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +87.6% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Production of peaked at $X in 2020, and then shrank in the following year.

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

Exports from the U.S.

In 2021, shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -6.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 33% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States, with a 55% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-10.5% per year) and Denmark (+22.5% per year).

In value terms, the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from the United States were Mexico ($X), Canada ($X) and Spain ($X), with a combined 83% share of total exports. These countries were followed by Denmark, Germany and China, which together accounted for a further 8.3%.

Denmark, with a CAGR of +39.6%, saw the highest growth rate of the value of exports, in terms of 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 other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, rising by 24% against the previous year. In general, the export price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Denmark ($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 Denmark (+14.0%), 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 the U.S.

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning imported into the United States skyrocketed to X tons, with an increase of 63% against the previous year's figure. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 187%. Over the period under review, imports of attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 103%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to the United States, together accounting for 70% of total imports. Taiwan (Chinese), China, Italy, Denmark, Japan and Austria lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +177.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and Germany ($X) appeared to be the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to the United States, with a combined 65% share of total imports. Taiwan (Chinese), Japan, China, Denmark, Italy and Austria lagged somewhat behind, together accounting for a further 28%.

Italy, with a CAGR of +104.4%, recorded the highest rates of growth with regard to 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

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Overall, the import price, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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