For the Quarter Ending June 2023
During the second quarter of 2023, the North American non-woven fabric market experienced a somewhat bearish trend. This was primarily driven by a decrease in the costs of essential raw materials like polyamide, polyethylene, and polypropylene. Additionally, the reduction in downstream crude oil processing prices contributed to the overall decline. The primary source of demand for non-woven fabric was anticipated to come from the housing and construction industry, which was expected to show improvement. Currently, the limited downstream demand from healthcare facilities might help stabilize the slightly bearish market conditions. Demand from the consumer sector also appeared sluggish, as end-users opted for reduced purchasing amid the region’s slow economic recovery. Despite ample supply, attributed to declining crude oil and downstream processing prices, energy cost subsidies, efficient production rates, and supply chain enhancements, only healthcare units showed substantial demand. Overseas export orders remained scarce due to concerns about the region’s poor economic conditions, which restrained purchasing activities.
The non-woven fabric market in the Asia-Pacific region exhibited a predominantly mixed trend throughout the second quarter of 2023. This fluctuation was primarily influenced by the variable costs of raw materials such as polyamide, polyethylene, and polypropylene. While there was a reduction in downstream crude oil processing prices, demand from sectors like construction, battery applications, and the filter industry remained moderate. Consumer demand also appeared moderate, with bulk purchases being curtailed due to prevailing economic uncertainty in Asia, despite some marginal improvements. Despite ample supply, stemming from declining crude oil and downstream processing costs, a lack of plant shutdowns, and supply chain enhancements, robust demand was primarily witnessed in sanitary consumables. International off-take for non-woven fabrics remained lackluster. However, the automotive industry, in the process of recovery, showed potential for improved demand as manufacturers sought to produce lightweight vehicles.
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The non-woven fabric market in Europe experienced a mixed trend during the second quarter of 2023, primarily due to fluctuations in the costs of raw materials like polyamide, polyethylene, and polypropylene. While there was a reduction in downstream crude oil processing prices, moderate demand was observed in sectors such as construction, battery applications, and the filter industry. Consumer demand also remained moderate, as bulk purchases were restricted, influenced by uncertainty in Europe’s economic conditions, with the PMI declining from 50.9 to 49.8. Despite abundant supply resulting from declining crude oil and downstream processing prices, robust production output, and minimal supply chain disruptions, significant demand was primarily seen in battery separation applications. This trend was driven by the European Union’s substantial investments in electrification and battery technology. International demand for non-woven fabrics appeared weak, reflecting sluggish economic growth in the region.
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