Portugal: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Portugal

The Portuguese man-made filament yarn market reached $X in 2021, growing by 4.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Portugal

In value terms, man-made filament yarn production expanded to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 35%. Man-made filament yarn production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports from Portugal

In 2021, man-made filament yarn exports from Portugal surged to X tons, growing by 1,102% on the previous year's figure. In general, exports, however, saw a deep setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports soared to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for man-made filament yarn exports from Portugal, with a 62% share of total exports. Moreover, man-made filament yarn exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), sixfold. The third position in this ranking was held by Morocco (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-9.2% per year) and Morocco (+24.2% per year).

In value terms, Italy ($X) emerged as the key foreign market for man-made filament yarn exports from Portugal, comprising 64% of total exports. The second position in the ranking was held by Morocco ($X), with a 7.9% share of total exports. It was followed by Spain, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+16.2% per year) and Spain (-11.9% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, declining by -14.6% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 60%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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 the United States ($X per ton), while the average price for exports to Latvia ($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 United States (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Portugal

In 2021, overseas purchases of man-made filament yarn were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a slight shrinkage. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports soared to $X in 2021. In general, imports, however, showed a pronounced shrinkage. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), China (X tons) and Turkey (X tons) were the main suppliers of man-made filament yarn imports to Portugal, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +127.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and China ($X) appeared to be the largest man-made filament yarn suppliers to Portugal, with a combined 64% share of total imports.

Poland, with a CAGR of +85.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, rising by 8.1% against the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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