United Kingdom: 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 UK

In 2021, the UK 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, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 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 the UK

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from the UK

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -38.9% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2016 with an increase of 57% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by 6.4%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the UK, accounting for a 56% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Italy exceeded the volume sent to the second major destination, Lithuania (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+81.1% per year) and Germany (-14.9% per year).

In value terms, Italy ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from the UK, comprising 54% of total exports. The second position in the ranking was held by Lithuania ($X), with a 12% share of total exports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+79.2% per year) and Germany (-13.7% 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 47% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Belgium ($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 France (+3.3%), 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 the UK

In 2021, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into the UK soared to X tons, jumping by 75% on the previous year. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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 recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to the UK, with a 82% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, Austria (X tons), tenfold. The third position in this ranking was held by Denmark (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.1% per year) and Denmark (-4.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the UK, comprising 80% of total imports. The second position in the ranking was held by Austria ($X), with a 9.8% share of total imports. It was followed by Germany, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.9% per year) and Germany (-11.4% 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, growing by 14% against the previous year. In general, the import price, however, showed a pronounced contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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