Portugal: Woolen Yarn Market 2024

Woolen Yarn Market Size in Portugal

In 2022, the Portuguese woolen yarn market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Woolen yarn consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Woolen Yarn Production in Portugal

In value terms, woolen yarn production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight downturn. Woolen yarn production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Woolen Yarn Exports

Exports from Portugal

In 2022, shipments abroad of yarn of wool increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, woolen yarn exports expanded rapidly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for woolen yarn exports from Portugal, with a X% share of total exports. Moreover, woolen yarn exports to the UK exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Belgium (X% per year).

In value terms, the largest markets for woolen yarn exported from Portugal were Romania ($X), the UK ($X) and the United States ($X), with a combined X% share of total exports. Belgium, Australia, Morocco, Spain, Thailand and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average woolen yarn export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the 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 Romania ($X per ton), while the average price for exports to Thailand ($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 United States (X%), while the prices for the other major destinations experienced a decline.

Woolen Yarn Imports

Imports into Portugal

In 2022, supplies from abroad of yarn of wool increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a mild slump. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, woolen yarn imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of woolen yarn to Portugal, with a X% share of total imports. Moreover, woolen yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, woolen yarn import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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