Overview of the Global Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

In 2021, the global 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. Over the period under review, consumption, however, recorded a noticeable reduction. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable contraction. Global production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 13% to X tons for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. The global exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene 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 +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the key exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the world, with the volume of exports recording X tons, which was near 35% of total exports in 2021. China (X tons) ranks second in terms of the total exports with a 9.4% share, followed by South Korea (9.4%), Saudi Arabia (8.5%), Austria (6.5%) and Italy (6%). The following exporters - the United States (X tons), South Africa (X tons), India (X tons), the Czech Republic (X tons) and the UK (X tons) - together made up 15% of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning. At the same time, Austria (+352.0%), Saudi Arabia (+36.7%), India (+32.2%), South Africa (+27.1%), China (+16.0%), Italy (+6.7%) and the Czech Republic (+3.7%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the world, with a CAGR of +352.0% from 2012-2021. By contrast, South Korea (-2.9%), the United States (-5.6%) and the UK (-8.2%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+7.9 p.p.), China (+6.6 p.p.), Austria (+6.5 p.p.), South Africa (+2.9 p.p.), India (+2.5 p.p.) and Italy (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-2.6 p.p.), the UK (-2.9 p.p.), the United States (-3.8 p.p.) and South Korea (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier worldwide, comprising 36% of global exports. The second position in the ranking was taken by South Korea ($X), with an 8.1% share of global exports. It was followed by Saudi Arabia, with an 8% share.

In Belgium, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +1.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-3.9% per year) and Saudi Arabia (+35.1% 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, growing by 30% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 14%. Global imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Italy (X tons), the United States (X tons) and Canada (X tons) represented the key importers of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, together making up 49% of total imports. The following importers - the UK (X tons), the Czech Republic (X tons), Bangladesh (X tons), the Netherlands (X tons), Turkey (X tons), Israel (X tons), France (X tons), Poland (X tons) and Spain (X tons) - together made up 27% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +25.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the countries with the highest levels of imports in 2021, together comprising 42% of global imports. These countries were followed by Canada, the Czech Republic, the UK, the Netherlands, France, Israel, Turkey, Spain, Poland and Bangladesh, which together accounted for a further 31%.

Turkey, with a CAGR of +22.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 29% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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