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Global exports of polypropylene synthetic fibres to rise

13
Aug '20
Pic: Shutterstock
Pic: Shutterstock
The global export of synthetic staple fibres, not carded, combed or otherwise processed for spinning of polypropylene dropped 16.49 per cent from $634.87 million in 2017 to $530.16 million in 2019. Total exports fell 20.59 per cent in 2019 over the previous year and is expected to rise to $625.42 million in 2022 with a rate of 17.97 per cent from 2019.
 
The global import value of synthetic staple fibres of polypropylene was $794.68 million in 2017, which declined 15.64 per cent to $670.35 million in 2019. Total imports decreased 23.41 per cent in 2019 over the previous year and is expected to blown-up to $776.02 million in 2022 with a rate of 15.76 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
Belgium ($176.29 million), Italy ($57.63 million), South Korea ($49.48 million), Austria ($44.41 million) and US ($37.12 million) were the key exporters of synthetic staple fibres of polypropylene across the globe in 2019, together comprising 68.83 per cent of total export. These were followed by UK ($36.19 million), China ($23.20 million) and South Africa ($17.18 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Italy (43.11 per cent) and Austria (0.98 per cent).
 
Germany ($151.26 million), Italy ($134.94 million) and US ($51.98 million) were the key importers of synthetic staple fibres of polypropylene across the globe in 2019 together comprising 50.45 per cent of total import. These were followed by Spain ($39.40 million), Czech Republic ($35.77 million) and Canada ($31.81 million).
 
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Italy (90.37 per cent).

Fibre2Fashion News Desk (JL)


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