U.S.: 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 the U.S.

In 2021, the U.S. market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the U.S.

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose sharply to $X in 2021. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports from the U.S.

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 22%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States, together accounting for 66% of total exports. Denmark, Italy, Colombia, Turkey, South Korea and Brazil lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from the United States, comprising 36% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.1% per year) and Germany (+15.7% 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, rising by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 an increase of 15%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Denmark ($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 Canada (+5.8%), 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 the U.S.

After two years of decline, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 65% to X tons in 2021. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 123%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

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 showed a buoyant expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and India (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the United States, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +55.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to the United States were Saudi Arabia ($X), Belgium ($X) and India ($X), with a combined 55% share of total imports. These countries were followed by Austria, China, Denmark, Japan, the United Arab Emirates, Israel, South Korea and Italy, which together accounted for a further 41%.

Denmark, with a CAGR of +59.1%, saw the highest growth rate of the value of imports, in terms of 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, increasing by 31% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for India ($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 (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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