United Kingdom: 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 the UK

In 2022, the UK market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a mild expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning reached $X in 2022 estimated in export price. Overall, production, however, posted significant growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from the UK

For the sixth year in a row, the UK recorded decline in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, which decreased by X% to X tons in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Ireland (X tons), France (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 the UK, together accounting for X% of total exports. Belgium, Slovenia, India, Brazil, the Netherlands, Germany, Bulgaria, Poland, Lithuania and North Macedonia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Ireland ($X) and France ($X) constituted the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from the UK worldwide, with a combined X% share of total exports. Brazil, India, Belgium, Germany, Slovenia, Poland, the Netherlands, Lithuania, North Macedonia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, 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

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price 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, export price for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bulgaria ($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 Germany (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 the UK

In 2022, purchases abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. Overall, imports, however, showed a slight decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to the UK, with a combined X% share of total imports. Indonesia, China, Ireland, India, Germany and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to the UK were South Korea ($X), Taiwan (Chinese) ($X) and Vietnam ($X), with a combined X% share of total imports. Indonesia, China, Ireland, Germany, India and Turkey lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import 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 import price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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