Portugal: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Portugal

In 2022, the Portuguese cotton (carded or combed) market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption faced a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Cotton (Carded Or Combed) in Portugal

In value terms, cotton (carded or combed) production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Portugal

In 2022, overseas shipments of cotton (carded or combed) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, cotton (carded or combed) exports fell rapidly to $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Spain (X tons), the UK (X tons) and Sweden (X tons) were the main destinations of cotton (carded or combed) exports from Portugal, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Spain ($X) and Sweden ($X) appeared to be the largest markets for cotton (carded or combed) exported from Portugal worldwide, with a combined X% share of total exports.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Cotton (Carded Or Combed)

Imports into Portugal

Cotton (carded or combed) imports into Portugal contracted remarkably to X tons in 2022, reducing by X% against the previous year's figure. Over the period under review, imports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports reduced sharply to $X in 2022. Overall, imports recorded a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of cotton (carded or combed) imports to Portugal, together comprising X% of total imports. China and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X) constituted the largest supplier of cotton (carded or combed) to Portugal, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average cotton (carded or combed) import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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