Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal - 2024

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal (CIF) - 2024
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal (CIF) - 2024

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $3,619 per ton in March 2024, with an increase of 40% against the previous month. Over the period under review, import price indicated a pronounced increase from March 2023 to March 2024: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, import price for yarn of other vegetable textile fibres; paper yarns increased by +68.8% against December 2023 indices. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 58% m-o-m. Over the period under review, average import prices attained the peak figure in March 2024.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($14,541 per ton), while the price for Mozambique ($1,699 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Spain (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $5,165 per ton, dropping by -31.4% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 59%. The export price peaked at $7,524 per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($20,643 per ton), while the average price for exports to Belgium ($2,184 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 Greece (+66.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal

In 2022, after three years of growth, there was significant decline in purchases abroad of yarn of other vegetable textile fibres; paper yarns, when their volume decreased by -5.5% to 2.7K tons. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 7.4% against the previous year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns rose markedly to $7.8M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Portugal in 2022:

1. Spain (1267.1 tons)
2. Italy (842.4 tons)
3. Brazil (340.4 tons)
4. Mozambique (98.1 tons)
5. China (65.7 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Portugal

In 2022, approx. 47 tons of yarn of other vegetable textile fibres; paper yarns were exported from Portugal; with an increase of 4.4% against 2021. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns dropped dramatically to $242K in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 125% against the previous year. As a result, the exports attained the peak of $337K, and then declined sharply in the following year.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Portugal in 2022:

1. Germany (12.3 tons)
2. Spain (11.8 tons)
3. France (11.5 tons)
4. Italy (3.7 tons)
5. Angola (3.2 tons)
6. Cabo Verde (1.3 tons)
7. Greece (1.0 tons)

Source: IndexBox Market Intelligence Platform