Portugal: Textile Wadding Market 2024

Textile Wadding Market Size in Portugal

The Portuguese textile wadding market fell to $X in 2022, with a decrease of -9.2% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Textile Wadding Production in Portugal

In value terms, textile wadding production totaled $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.5% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 29%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from Portugal

In 2022, overseas shipments of wadding of textile materials and articles thereof increased by 38% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a perceptible curtailment. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile wadding exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for textile wadding exports from Portugal, accounting for a 67% share of total exports. Moreover, textile wadding exports to Spain exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.9% per year) and Denmark (+33.2% per year).

In value terms, Spain ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Portugal, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Denmark, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.1% per year) and Denmark (+30.6% per year).

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, falling by -15.3% against the previous year. In general, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2021 an increase of 5.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Wadding Imports

Imports into Portugal

In 2022, approx. X tons of wadding of textile materials and articles thereof were imported into Portugal; growing by 1.6% on the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced 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 2022, imports failed to regain momentum.

In value terms, textile wadding imports reduced to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 47%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest textile wadding supplier to Portugal, accounting for a 62% share of total imports. Moreover, textile wadding imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.8% per year) and Germany (+5.9% per year).

In value terms, Spain ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Portugal, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Poland, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and Poland (+21.9% per year).

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, dropping by -9.7% against the previous year. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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