Spain: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Spain

The Spanish quilted textile products market surged to $X in 2021, increasing by 82% against the previous year. In general, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Quilted Textile Products Production in Spain

In value terms, quilted textile products production soared to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Quilted Textile Products Exports

Exports from Spain

In 2021, the amount of quilted textile products in the piece (excluding embroidery) exported from Spain expanded slightly to X tons, surging by 4.1% compared with the previous year. The total export volume increased at an average annual rate of +4.1% from 2020 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products exports declined modestly to $X in 2021. Overall, exports, however, saw a perceptible downturn. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted in the following year.

Exports by Country

Morocco (X tons) was the main destination for quilted textile products exports from Spain, with a 80% share of total exports. Moreover, quilted textile products exports to Morocco exceeded the volume sent to the second major destination, France (X tons), ninefold. The third position in this ranking was taken by Portugal (X tons), with a 3.8% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to Morocco amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+39.5% per year) and Portugal (+6.0% per year).

In value terms, Morocco ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Spain, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Portugal, with a 2.6% share.

From 2020 to 2021, the average annual rate of growth in terms of value to Morocco totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+52.8% per year) and Portugal (-35.7% per year).

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, which is down by -6.4% against the previous year. Overall, the export price saw a abrupt setback. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.5%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Spain

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were imported into Spain; with an increase of 26% against 2020 figures. The total import volume increased at an average annual rate of +26.5% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products imports soared to $X in 2021. Over the period under review, total imports indicated a significant increase from 2020 to 2021: its value increased at an average annual rate of +55.8% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of quilted textile products imports to Spain, together comprising 77% of total imports. These countries were followed by Italy, the UK, France and Morocco, which together accounted for a further 20%.

From 2020 to 2021, the biggest increases were recorded for the UK (with a CAGR of +259.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quilted textile products suppliers to Spain were the Netherlands ($X), Italy ($X) and Poland ($X), together accounting for 76% of total imports.

Italy, with a CAGR of +396.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, increasing by 23% against the previous year. Over the last one-year period, it increased at an average annual rate of +23.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+92.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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