Price for Wadding; Other Articles Thereof, of Cotton in Spain - 2024

Contents:

1. Price for Wadding; Other Articles Thereof, of Cotton in Spain (CIF) - 2024
2. Price for Wadding; Other Articles Thereof, of Cotton in Spain (FOB) - 2024
3. Imports of Wadding; Other Articles Thereof, of Cotton in Spain
4. Exports of Wadding; Other Articles Thereof, of Cotton in Spain

Price for Wadding; Other Articles Thereof, of Cotton in Spain (CIF) - 2024

In February 2024, the average import price for wadding; other articles thereof, of cotta amounted to $5,989 per ton, declining by -8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 51% month-to-month. As a result, import price reached the peak level of $7,160 per ton. From August 2023 to February 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,857 per ton), while the price for China ($4,514 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Cotton in Spain (FOB) - 2024

The average export price for wadding; other articles thereof, of cotta stood at $6,263 per ton in February 2024, picking up by 10% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 13% m-o-m. Over the period under review, the average export prices attained the maximum at $6,920 per ton in December 2023; however, from January 2024 to February 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Morocco ($24,821 per ton), while the average price for exports to the Netherlands ($2,823 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wadding; Other Articles Thereof, of Cotton in Spain

In 2022, supplies from abroad of wadding; other articles thereof, of cotta increased by 12% to 3.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt descent.

In value terms, imports of wadding; other articles thereof, of cotta expanded slightly to $16M in 2022. Over the period under review, imports, however, saw a deep downturn.

Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Spain in 2022:

1. France (1761.3 tons)
2. Turkey (555.1 tons)
3. Germany (237.1 tons)
4. Italy (236.3 tons)
5. China (113.5 tons)
6. Netherlands (91.0 tons)

Exports of Wadding; Other Articles Thereof, of Cotton in Spain

In 2022, approx. 1.2K tons of wadding; other articles thereof, of cotta were exported from Spain; surging by 5.5% on the year before. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 75%. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wadding; other articles thereof, of cotta amounted to $7.1M in 2022. The total export value increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 44%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Spain in 2022:

1. France (369.1 tons)
2. Portugal (224.4 tons)
3. Netherlands (185.8 tons)
4. Chile (113.3 tons)
5. Morocco (55.6 tons)
6. Belgium (42.1 tons)
7. Vietnam (32.8 tons)
8. Ireland (23.1 tons)
9. Italy (19.4 tons)
10. United States (19.3 tons)
11. Germany (15.9 tons)
12. Gibraltar (0.3 tons)

Source: IndexBox Market Intelligence Platform