United Kingdom: 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 UK

In 2021, after four years of growth, there was significant decline in the UK market for other synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value decreased by -16.7% to $X. Over the period under review, consumption, however, posted a buoyant expansion. Consumption of peaked at $X in 2020, and then reduced sharply in the following year.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 113% against the previous year. Production of peaked at $X in 2020, and then fell modestly in the following year.

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

Exports from the UK

In 2021, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from the UK skyrocketed to X tons, jumping by 34% on 2020. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 36% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 52%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from the UK, with a combined 68% share of total exports. The United States, Italy, Japan, Switzerland and Belgium lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +30.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) were the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from the UK worldwide, together accounting for 62% of total exports. These countries were followed by the United States, Switzerland, Japan, Italy and Belgium, which together accounted for a further 25%.

Switzerland, with a CAGR of +60.3%, 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

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with a decrease of -13.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 Switzerland (+23.1%), 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 UK

After four years of growth, supplies from abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -26.5% to X tons in 2021. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 246% against the previous year. Imports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded sharply to $X in 2021. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 129%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to the UK, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +159.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to the UK were Germany ($X), Vietnam ($X) and South Korea ($X), together accounting for 60% of total imports. Indonesia, Taiwan (Chinese), Pakistan, Japan, China and the United States lagged somewhat behind, together accounting for a further 30%.

Indonesia, with a CAGR of +113.9%, saw 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, rising by 44% against the previous year. In general, the import price, however, showed a abrupt shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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