Spain: Spun Yarn Market 2021

Spun Yarn Market Size in Spain

In 2019, the Spanish spun yarn market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption faced a deep contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Production in Spain

In value terms, spun yarn production amounted to $X in 2019 estimated in export prices. Overall, production faced a dramatic curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Spun yarn production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Spun Yarn Exports

Exports from Spain

In 2019, approx. X tons of yarn spun from silk waste were exported from Spain; which is down by -X% against 2018 figures. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports reduced remarkably to $X in 2019. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Italy (X tons) was the main destination for spun yarn exports from Spain, with a X% share of total exports. Moreover, spun yarn exports to Italy exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

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

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

From 2007 to 2019, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Norway (-X% per year).

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, reducing 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 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2018, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Norway ($X per ton), while the average price for exports to Italy ($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 Norway, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Spain

In 2019, spun yarn imports into Spain dropped significantly to X tons, waning by -X% compared with the previous year's figure. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports dropped rapidly to $X in 2019. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Portugal (X tons) constituted the largest supplier of spun yarn to Spain, accounting for a X% share of total imports. Moreover, spun yarn imports from Portugal exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold. Italy (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 Portugal stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Italy (-X% per year).

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

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

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, dropping by -X% against the previous year. In general, the import price recorded a slight descent. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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