Portugal: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Portugal

The Portuguese narrow woven fabric market rose significantly to $X in 2021, with an increase of 14% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Narrow Woven Fabric Production in Portugal

In value terms, narrow woven fabric production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 16% against the previous year. Narrow woven fabric production peaked in 2021 and is expected to retain growth in the immediate term.

Narrow Woven Fabric Exports

Exports from Portugal

In 2021, narrow woven fabric exports from Portugal expanded markedly to X tons, increasing by 5.9% on 2020. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 17% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, narrow woven fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of narrow woven fabric exports from Portugal, with a combined 43% share of total exports. These countries were followed by Switzerland, Germany, India, the Dominican Republic, the United States, Sweden, Romania, China, Denmark and the UK, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Portugal were Spain ($X), France ($X) and Germany ($X), together comprising 50% of total exports. These countries were followed by the Netherlands, Romania, India, Sweden, the Dominican Republic, Switzerland, the UK, the United States, Denmark and China, which together accounted for a further 29%.

The Dominican Republic, with a CAGR of +23.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, surging by 8.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Spain ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Portugal

In 2021, overseas purchases of narrow woven fabrics were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, narrow woven fabric imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of narrow woven fabric imports to Portugal, with a combined 61% share of total imports. Poland, Germany, France, the Netherlands and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and China ($X) constituted the largest narrow woven fabric suppliers to Portugal, with a combined 57% share of total imports. These countries were followed by Germany, Poland, the UK, France and the Netherlands, which together accounted for a further 26%.

In terms of the main suppliers, Poland, with a CAGR of +39.6%, saw the highest growth rate of 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

The average narrow woven fabric import price stood at $X per ton in 2021, rising by 3.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.9%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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