Portugal: Wadding Market 2024

Wadding Market Size in Portugal

The Portuguese wadding market reduced modestly to $X in 2021, flattening at the previous year. In general, consumption, however, recorded a slight setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wadding Production in Portugal

In value terms, wadding production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible setback. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wadding Exports

Exports from Portugal

In 2021, overseas shipments of wadding decreased by -34.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 18% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wadding exports fell significantly to $X in 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 11% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for wadding exports from Portugal, accounting for a 71% share of total exports. Moreover, wadding exports to Spain exceeded the volume sent to the second major destination, France (X tons), ninefold. The third position in this ranking was held by the Netherlands (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.7% per year) and the Netherlands (+16.2% per year).

In value terms, Spain ($X) remains the key foreign market for wadding exports from Portugal, comprising 68% of total exports. The second position in the ranking was taken by France ($X), with a 6.8% share of total exports. It was followed by Poland, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.7% per year) and Poland (+13.4% per year).

Export Prices by Country

In 2021, the average wadding export price amounted to $X per ton, picking up by 5.4% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to India ($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 India (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Portugal

In 2021, wadding imports into Portugal stood at X tons, picking up by 6.7% compared with the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wadding imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +1.6% 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 2013 with an increase of 44% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest wadding supplier to Portugal, with a 61% share of total imports. Moreover, wadding imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. France (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.2% per year) and France (-8.3% per year).

In value terms, Spain ($X) constituted the largest supplier of wadding to Portugal, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by South Korea, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and South Korea (+253.4% per year).

Import Prices by Country

In 2021, the average wadding import price amounted to $X per ton, reducing by -2.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform