Portugal: Spun Yarn Market 2021

Spun Yarn Market Size in Portugal

In 2019, the Portuguese spun yarn market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Spun Yarn Exports

Exports from Portugal

In 2019, overseas shipments of yarn spun from silk waste decreased by -X% to X kg, falling for the fourth consecutive year after three years of growth. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. From 2016 to 2019, the growth exports remained at a lower figure.

In value terms, spun yarn exports declined to $X in 2019. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for spun yarn exports from Portugal, with a X% share of total exports. Moreover, spun yarn exports to Spain exceeded the volume sent to the second major destination, Italy (X kg), fivefold. The third position in this ranking was occupied by France (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Spain totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and France (+X% per year).

In value terms, Spain ($X) remains the key foreign market for spun yarn exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Spain totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (X% per year).

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, jumping by X% against the previous year. Overall, the export price posted prominent growth. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the UK ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Portugal

In 2019, overseas purchases of yarn spun from silk waste increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, showed a deep reduction. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports skyrocketed to $X in 2019. In general, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Italy (X tons) constituted the largest spun yarn supplier to Portugal, accounting for a X% share of total imports. Moreover, spun yarn imports from Italy exceeded the figures recorded by the second-largest supplier, France (X kg), sixfold. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (-X% per year).

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

From 2007 to 2019, 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: Germany (-X% per year) and France (-X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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