Spain: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Spain

The Spanish man-made filament yarn market expanded rapidly to $X in 2023, growing by X% against the previous year. Overall, consumption recorded pronounced growth. Man-made filament yarn consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Man-Made Filament Yarn Production in Spain

In value terms, man-made filament yarn production rose notably to $X in 2023 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Man-Made Filament Yarn Exports

Exports from Spain

Man-made filament yarn exports from Spain shrank to X tons in 2023, waning by X% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, man-made filament yarn exports rose slightly to $X in 2023. Over the period under review, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for man-made filament yarn exported from Spain were Mexico ($X), the Netherlands ($X) and France ($X), together accounting for X% of total exports. Italy, Portugal, Germany, Ethiopia, Morocco, Belgium, Tunisia, the UK, Colombia and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Paraguay, 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 man-made filament yarn export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, 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.

Man-Made Filament Yarn Imports

Imports into Spain

In 2023, purchases abroad of man-made filament yarn increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of man-made filament yarn to Spain, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Netherlands (X% per year).

In value terms, China ($X), France ($X) and Turkey ($X) constituted the largest man-made filament yarn suppliers to Spain, with a combined X% share of total imports. Germany, India, Italy, the Netherlands, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, 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 2023, the average man-made filament yarn import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform