Spain: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Spain

In 2023, after two years of growth, there was significant decline in the Spanish non-cotton terry towelling market, when its value decreased by X% to $X. Overall, consumption, however, recorded significant growth. Non-cotton terry towelling consumption peaked at $X in 2022, and then shrank sharply in the following year.

Non-Cotton Terry Towelling Production in Spain

In value terms, non-cotton terry towelling production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent increase. Non-cotton terry towelling production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Non-Cotton Terry Towelling Exports

Exports from Spain

After two years of decline, shipments abroad of terry towelling (excluding of cotton) increased by X% to X square meters in 2023. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X square meters in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2023. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

Mexico (X square meters) was the main destination for non-cotton terry towelling exports from Spain, with a X% share of total exports. Moreover, non-cotton terry towelling exports to Mexico exceeded the volume sent to the second major destination, Italy (X square meters), threefold. Croatia (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Croatia (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for terry towelling (excluding of cotton) exports from Spain, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Croatia, with an X% share.

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

Export Prices by Country

In 2023, the average non-cotton terry towelling export price amounted to $X per square meter, picking up by X% against the previous year. Overall, the export price saw noticeable growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Croatia ($X per square meter), while the average price for exports to Canada ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into Spain

In 2023, the amount of terry towelling (excluding of cotton) imported into Spain dropped dramatically to X square meters, declining by X% against the year before. Over the period under review, imports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then declined notably in the following year.

In value terms, non-cotton terry towelling imports shrank significantly to $X in 2023. Overall, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Germany (X square meters), China (X square meters) and France (X square meters) were the main suppliers of non-cotton terry towelling imports to Spain, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Portugal ($X) and France ($X) appeared to be the largest non-cotton terry towelling suppliers to Spain, together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2023, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2023, 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 Czech Republic ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform