Eastern Asia: 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 Eastern Asia

The East Asian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2022 estimated in export price. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Asia

In 2022, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and South Korea (X tons) dominates spinning structure, together generating X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplying countries in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2022, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning dropped to $X in 2022. Over the period under review, imports saw a perceptible slump. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the major importer of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and China (X tons), together constituting a X% share of total imports. South Korea (X tons) and Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for X% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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