Sweden: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Sweden

In 2021, the Swedish man-made filament fabric market increased by 52% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption posted a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Man-Made Filament Fabric Production in Sweden

In value terms, man-made filament fabric production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Sweden

Man-made filament fabric exports from Sweden shrank slightly to X tons in 2021, therefore, remained relatively stable against the previous year's figure. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 365% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, man-made filament fabric exports expanded significantly to $X in 2021. Overall, exports recorded a mild decline. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Latvia (X tons) and Poland (X tons) were the main destinations of man-made filament fabric exports from Sweden, with a combined 12% share of total exports. These countries were followed by Estonia, Germany, Denmark, Finland, Lithuania, France, Belgium, Bulgaria and Bosnia and Herzegovina, which together accounted for a further 6.9%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +28.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for man-made filament fabric exported from Sweden were Norway ($X), Germany ($X) and Latvia ($X), together comprising 42% of total exports. These countries were followed by Poland, Estonia, Finland, Denmark, Lithuania, France, Bulgaria, Belgium and Bosnia and Herzegovina, which together accounted for a further 37%.

France, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, surging by 15% against the previous year. Over the period under review, the export price, however, saw a deep setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($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 Bosnia and Herzegovina (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Sweden

In 2021, overseas purchases of woven fabrics of man-made filaments and staple fibers increased by 38% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 573%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of man-made filament fabric imports to Sweden, together comprising 8.4% of total imports. These countries were followed by France, Turkey, Pakistan, Spain, the UK, Latvia, Belgium, the Netherlands, the Czech Republic and Denmark, which together accounted for a further 5.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest man-made filament fabric suppliers to Sweden, with a combined 51% share of total imports. Spain, France, the Netherlands, Turkey, the UK, Denmark, Belgium, Pakistan, the Czech Republic and Latvia lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Latvia, with a CAGR of +21.8%, saw 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

The average man-made filament fabric import price stood at $X per ton in 2021, shrinking by -5.1% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 10% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 the Netherlands ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :