Portugal: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Portugal

In 2021, the Portuguese market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption, however, showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Portugal

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 5.1% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Portugal

In 2021, overseas shipments of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 58% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 116% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 109% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Chile (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Portugal, accounting for a 68% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Chile exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. Trinidad and Tobago (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+185.7% per year) and Trinidad and Tobago (+134.9% per year).

In value terms, Chile ($X), Brazil ($X) and Spain ($X) were the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Portugal worldwide, together comprising 86% of total exports.

Among the main countries of destination, Spain, with a CAGR of +370.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 5.4% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Spain (-7.4%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Portugal

In 2021, after two years of decline, there was significant growth in purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 102% to X tons. Over the period under review, imports saw a moderate expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports, however, recorded a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 74% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), China (X tons) and Brazil (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Portugal, together comprising 77% of total imports. Belgium, Spain, Austria and Germany lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +143.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Portugal were China ($X), Denmark ($X) and Austria ($X), with a combined 75% share of total imports. These countries were followed by Belgium, Brazil, Spain and Germany, which together accounted for a further 24%.

Belgium, with a CAGR of +95.7%, saw the highest rates of growth with regard to the value of imports, among 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 import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, waning by -20.2% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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