Portugal: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Portugal

The Portuguese synthetic yarn market reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Synthetic Yarn Production in Portugal

In value terms, synthetic yarn production soared to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports from Portugal

Synthetic yarn exports from Portugal reduced notably to X tons in 2022, which is down by X% against 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, synthetic yarn exports contracted slightly to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Spain (X tons), Italy (X tons) and France (X tons) were the main destinations of synthetic yarn exports from Portugal, together comprising X% of total exports. Romania, Germany, Mexico, Tunisia, the United States, Austria, Morocco and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic yarn exported from Portugal were Italy ($X), Spain ($X) and France ($X), with a combined X% share of total exports. Romania, Germany, Tunisia, Austria, the United States, Mexico, Belgium and Morocco lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average synthetic yarn export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Mexico ($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 Tunisia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Portugal

Synthetic yarn imports into Portugal shrank to X tons in 2022, waning by X% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, synthetic yarn imports rose sharply to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of synthetic yarn to Portugal, with a X% share of total imports. Moreover, synthetic yarn imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

In value terms, the largest synthetic yarn suppliers to Portugal were India ($X), Italy ($X) and Indonesia ($X), with a combined X% share of total imports. Turkey, Vietnam, Pakistan, China, Spain, Germany, Austria and the Netherlands lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average synthetic yarn import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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