Spain - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDecline in Spain's Knitted Fabric Exports Drops Significantly to $28M in August 2023
Spain Knitted Fabric Exports
In August 2023, after two months of growth, there was significant decline in overseas shipments of knitted or crocheted fabrics, when their volume decreased by -35.2% to 2.8K tons. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 with an increase of 55% m-o-m.
In value terms, knitted fabric exports fell markedly to $28M (IndexBox estimates) in August 2023. Over the period under review, total exports indicated a mild increase from August 2022 to August 2023: its value increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports decreased by -35.3% against July 2023 indices. The growth pace was the most rapid in September 2022 with an increase of 53% m-o-m.
| COUNTRY | Export Value of Knitted Fabric in Spain (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Morocco | 14.5 | 17.0 | 17.1 | 12.0 | 13.5 | 15.8 | 17.4 | 23.3 | 18.9 | 16.2 | 16.6 | 20.8 | 16.4 |
| Germany | 0.8 | 2.3 | 1.5 | 1.6 | 1.2 | 1.6 | 1.6 | 2.4 | 1.8 | 2.3 | 2.1 | 2.3 | 2.1 |
| France | 1.2 | 3.7 | 3.8 | 4.3 | 2.9 | 3.8 | 3.8 | 4.7 | 3.2 | 4.1 | 3.3 | 3.3 | 1.5 |
| Portugal | 1.1 | 2.9 | 2.4 | 2.8 | 1.8 | 2.3 | 2.8 | 3.4 | 3.4 | 3.2 | 5.2 | 2.8 | 1.1 |
| Italy | 1.5 | 2.9 | 3.2 | 3.6 | 1.8 | 3.5 | 3.0 | 3.7 | 2.6 | 2.8 | 3.3 | 3.1 | 1.0 |
| Belgium | 0.6 | 0.9 | 1.0 | 0.7 | 0.4 | 0.9 | 0.8 | 1.3 | 0.7 | 0.7 | 0.9 | 1.1 | 0.5 |
| United States | 0.2 | 0.6 | 0.5 | 0.5 | 0.6 | 0.4 | 0.4 | 0.6 | 0.3 | 0.7 | 0.8 | 0.6 | 0.3 |
| Others | 4.5 | 7.0 | 8.6 | 8.8 | 5.8 | 8.2 | 7.5 | 9.8 | 8.2 | 8.0 | 9.1 | 8.9 | 4.7 |
| Total | 24.4 | 37.3 | 38.1 | 34.3 | 28.0 | 36.6 | 37.2 | 49.1 | 39.2 | 38.1 | 41.4 | 42.9 | 27.8 |
Exports by Country
Morocco (1.6K tons) was the main destination for knitted fabric exports from Spain, accounting for a 57% share of total exports. Moreover, knitted fabric exports to Morocco exceeded the volume sent to the second major destination, Germany (252 tons), sixfold. The third position in this ranking was taken by France (153 tons), with a 5.5% share.
From August 2022 to August 2023, the average monthly rate of growth in terms of volume to Morocco was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+7.0% per month) and France (+1.9% per month).
In value terms, Morocco ($16M) remains the key foreign market for knitted fabric exports from Spain, comprising 59% of total exports. The second position in the ranking was held by Germany ($2.1M), with a 7.6% share of total exports. It was followed by France, with a 5.5% share.
From August 2022 to August 2023, the average monthly growth rate of value to Morocco amounted to +1.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+8.3% per month) and France (+2.2% per month).
Exports by Type
Fabrics, knitted or crocheted, of a width of > 30 cm (1.7K tons) was the largest type of knitted fabric exported from Spain, accounting for a 61% share of total exports. Moreover, fabrics, knitted or crocheted, of a width of > 30 cm exceeded the volume of the second product type, warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (567 tons), threefold. Knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (264 tons) ranked third in terms of total exports with a 9.5% share.
From August 2022 to August 2023, the average monthly growth rate of the volume of export of fabrics, knitted or crocheted, of a width of > 30 cm was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (+0.8% per month) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (+5.4% per month).
In value terms, fabrics, knitted or crocheted, of a width of > 30 cm ($16M) remains the largest type of knitted fabric exported from Spain, comprising 58% of total exports. The second position in the ranking was taken by warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm ($5.1M), with an 18% share of total exports. It was followed by knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread, with a 15% share.
From August 2022 to August 2023, the average monthly rate of growth in terms of the export volume of fabrics, knitted or crocheted, of a width of > 30 cm was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (+2.2% per month) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (+6.1% per month).
Export Prices by Country
In August 2023, the knitted fabric price stood at $9,976 per ton (FOB, Spain), approximately equating the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 7.9% month-to-month. As a result, the export price reached the peak level of $11,020 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($10,522 per ton), while the average price for exports to the United States ($4,732 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the knitted fabric market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
