Portugal: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Portugal

The Portuguese market for other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Portugal

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Portugal

In 2022, shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning totaled $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Chile (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Portugal, with a X% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Chile exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Trinidad and Tobago (X% per year).

In value terms, Chile ($X), Brazil ($X) and Spain ($X) constituted the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Portugal worldwide, with a combined X% share of total exports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Portugal

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Portugal fell rapidly to X tons in 2022, which is down by X% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2022. Over the period under review, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and Austria (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Portugal, together accounting for X% of total imports. Germany, Italy, Belgium and France lagged somewhat behind, together comprising a further X%.

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

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

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Denmark (X% per year).

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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