Portugal: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Portugal

For the third consecutive year, the Portuguese non-cotton terry towelling market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption enjoyed a significant increase. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the immediate term.

Non-Cotton Terry Towelling Production in Portugal

In value terms, non-cotton terry towelling production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports from Portugal

For the tenth year in a row, Portugal recorded growth in overseas shipments of terry towelling (excluding of cotton), which increased by X% to X square meters in 2023. Overall, exports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, non-cotton terry towelling exports skyrocketed to $X in 2023. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in years to come.

Exports by Country

Angola (X square meters) was the main destination for non-cotton terry towelling exports from Portugal, with a X% share of total exports. Moreover, non-cotton terry towelling exports to Angola exceeded the volume sent to the second major destination, Switzerland (X square meters), ninefold.

From 2012 to 2023, the average annual growth rate of volume to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, Angola ($X) remains the key foreign market for terry towelling (excluding of cotton) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2023, jumping by X% against the previous year. In general, the export price posted a prominent increase. Over the period under review, the average export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%).

Non-Cotton Terry Towelling Imports

Imports into Portugal

Non-cotton terry towelling imports into Portugal soared to X square meters in 2023, growing by X% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, non-cotton terry towelling imports surged to $X in 2023. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X square meters) constituted the largest non-cotton terry towelling supplier to Portugal, accounting for a X% share of total imports. Moreover, non-cotton terry towelling imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold. The third position in this ranking was held by Spain (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, Italy ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Portugal, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, 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: China (X% per year) and Spain (X% per year).

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2023, rising by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform