Spain: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Spain

In 2021, the Spanish man-made filament fabric market decreased by -11.5% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a slight setback. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Man-Made Filament Fabric Production in Spain

In value terms, man-made filament fabric production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Man-Made Filament Fabric Exports

Exports from Spain

In 2021, approx. X tons of woven fabrics of man-made filaments and staple fibers were exported from Spain; picking up by 13% on the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 375%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, man-made filament fabric exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons) was the main destination for man-made filament fabric exports from Spain, accounting for a 7% share of total exports. Moreover, man-made filament fabric exports to Morocco exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.0% per year) and France (+4.9% per year).

In value terms, Morocco ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Spain, comprising 46% of total exports. The second position in the ranking was held by Portugal ($X), with a 6.8% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Morocco totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+1.1% per year) and France (+1.7% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, surging by 11% against the previous year. Overall, the export price, however, faced a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to the Netherlands ($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 Romania (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Spain

Man-made filament fabric imports into Spain rose significantly to X tons in 2021, with an increase of 12% compared with 2020 figures. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 357% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest man-made filament fabric supplier to Spain, accounting for a 6.8% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.5% per year) and Italy (+4.0% per year).

In value terms, the largest man-made filament fabric suppliers to Spain were China ($X), Italy ($X) and Turkey ($X), together comprising 66% of total imports. These countries were followed by Portugal, South Korea, France, Germany, India, Belgium, Pakistan, the Netherlands, the Czech Republic and Indonesia, which together accounted for a further 27%.

In terms of the main suppliers, Portugal, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of imports, 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 fabric import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The import price peaked 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 Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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