Vietnam: 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 Vietnam

In 2022, the Vietnamese market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption, however, recorded a abrupt shrinkage. 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 reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Vietnam

In 2022, after three years of growth, there was significant decline in overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell remarkably to $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Bangladesh (X tons), the United States (X tons) and Indonesia (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Vietnam, with a combined X% share of total exports. Poland, Taiwan (Chinese), South Korea, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, Bangladesh ($X), the United States ($X) and Indonesia ($X) were the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Vietnam worldwide, together accounting for X% of total exports. Poland, Taiwan (Chinese), South Korea, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw 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 polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and South Korea ($X per ton), while the average price for exports to Poland ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Vietnam

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 for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2021, and then declined rapidly in the following year.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning dropped notably to $X in 2022. Overall, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Vietnam, with a X% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

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 2022, with a decrease of X% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :