Portugal: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Portugal

The Portuguese cotton embroidery market shrank modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, saw a notable increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cotton Embroidery Production in Portugal

In value terms, cotton embroidery production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Cotton Embroidery Exports

Exports from Portugal

In 2022, the amount of cotton embroidery in the piece exported from Portugal surged to X tons, picking up by X% on the previous year's figure. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cotton embroidery exports surged to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Spain (X tons) and Greece (X tons) were the main destinations of cotton embroidery exports from Portugal, with a combined X% share of total exports. Germany and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X) remains the key foreign market for cotton embroidery in the piece exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with an X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Greece (X% per year).

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Spain ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into Portugal

In 2022, overseas purchases of cotton embroidery in the piece increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a modest increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton embroidery imports expanded notably to $X in 2022. Over the period under review, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of cotton embroidery to Portugal, with a X% share of total imports. Moreover, cotton embroidery imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Spain ($X), China ($X) and Turkey ($X) were the largest cotton embroidery suppliers to Portugal, with a combined X% share of total imports. Italy, Greece, Hong Kong SAR, Pakistan, Germany and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood 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 Switzerland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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