Spain: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Spain

In 2022, the Spanish man-made filament fabric market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Man-Made Filament Fabric Production in Spain

In value terms, man-made filament fabric production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Spain

In 2022, after two years of growth, there was significant decline in shipments abroad of woven fabrics of man-made filaments and staple fibers, when their volume decreased by X% to X square meters. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X square meters in 2021, and then shrank in the following year.

In value terms, man-made filament fabric exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Morocco (X square meters) was the main destination for man-made filament fabric exports from Spain, with a X% share of total exports. Moreover, man-made filament fabric exports to Morocco exceeded the volume sent to the second major destination, Portugal (X square meters), fourfold. France (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and France (X% per year).

In value terms, Morocco ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Morocco stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and France (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Spain

In 2022, overseas purchases of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2021, and then fell in the following year.

In value terms, man-made filament fabric imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X square meters) constituted the largest man-made filament fabric supplier to Spain, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), threefold. Italy (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, the largest man-made filament fabric suppliers to Spain were China ($X), Italy ($X) and Turkey ($X), with a combined X% share of total imports. Portugal, South Korea, France, Germany, India, Belgium, Pakistan, the Netherlands, the Czech Republic and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per square meter, increasing by X% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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