Overview of the Global Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

The global market for other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank modestly to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the global market failed to regain momentum.

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

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 11%. As a result, production attained the peak level of $X. From 2018 to 2021, global production of growth remained at a lower figure.

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

Exports

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning exported worldwide expanded significantly to X tons, increasing by 5.4% against 2020. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% 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 increased by +106.5% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. The global exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the three major exporters of other synthetic tow and staple not carded, combed or otherwise processed for spinning, namely China, Taiwan (Chinese) and South Korea, represented more than half of total export. Thailand (X tons) took an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by Japan (8.6%). Germany (X tons) and Italy (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +47.3%), while shipments for the other global 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 supplying countries worldwide were China ($X), South Korea ($X) and Japan ($X), together comprising 53% of global exports. Taiwan (Chinese), Germany, Thailand and Italy lagged somewhat behind, together comprising a further 30%.

Thailand, with a CAGR of +41.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-2.0%), while the other global leaders experienced a decline in the export price figures.

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

Imports

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were imported worldwide; picking up by 3.2% on the previous year's figure. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 26% against the previous year. Global imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, global imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China represented the largest importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in the world, with the volume of imports recording X tons, which was approx. 28% of total imports in 2021. The United States (X tons) took the second position in the ranking, followed by Brazil (X tons), Germany (X tons) and Italy (X tons). All these countries together took approx. 26% share of total imports. The UK (X tons), Indonesia (X tons), Thailand (X tons), Kenya (X tons), Turkey (X tons), Belgium (X tons), Malaysia (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning imports into China stood at +24.6%. At the same time, Kenya (+35.1%), the United States (+26.9%), the UK (+19.2%), Indonesia (+17.5%), Turkey (+14.0%), Germany (+11.3%), Brazil (+10.9%), France (+7.0%), Italy (+4.8%), Malaysia (+3.2%), Belgium (+2.7%) and Thailand (+1.6%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in the world, with a CAGR of +35.1% from 2012-2021. While the share of China (+19 p.p.), the United States (+7 p.p.), Kenya (+2.6 p.p.), the UK (+1.9 p.p.) and Indonesia (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Malaysia (-1.6 p.p.), Belgium (-2 p.p.), Italy (-2.8 p.p.) and Thailand (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning worldwide, comprising 23% of global imports. The second position in the ranking was taken by the United States ($X), with a 10% share of global imports. It was followed by Germany, with an 8.4% share.

In China, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +10.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+13.7% per year) and Germany (+5.8% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, saw a pronounced downturn. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+5.3%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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