Ireland: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Ireland

In 2022, the Irish market for polyester tow and staple, not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Ireland

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced to $X in 2022 estimated in export price. Overall, production showed a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Ireland

In 2022, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Ireland declined dramatically to X tons, shrinking by X% on 2021 figures. Over the period under review, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced sharply to $X in 2022. In general, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Ireland, with a combined X% share of total exports. The Netherlands, France, Belgium, Italy, Poland, Switzerland, Sweden, the Czech Republic, Spain and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the UK ($X) constituted the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Ireland worldwide, together comprising X% of total exports. The Netherlands, France, Belgium, Italy, Poland, Switzerland, Sweden, the Czech Republic, Mexico and Spain lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Ireland

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Ireland surged to X tons, with an increase of X% on the year before. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Ireland, with a X% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Ireland, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and South Korea (X% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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