Cotton terry fabrics market in Portugal

Earlier Report Observations

Between 2018 and 2021, the Portuguese cotton terry fabrics market contracted by 26% in volume, falling to 9.7 million m². During this period, the industry saw sustained investment in technological innovation and vertical integration to control quality and enhance competitiveness. New players entered the market focusing on organic and certified sustainable fabrics, while labeling and certification requirements became more stringent, reflecting a broader shift in consumer preferences towards eco-friendly products.

From 2022 onward, the market recovered and expanded sharply, reaching 14.1 million m² by 2024. This growth was supported by the expansion of Portuguese brands specializing in terry fabrics for home textiles, alongside the adoption of stricter certification rules that encouraged the production of higher-quality, traceable products. The continued vertical integration of leading manufacturers helped maintain control over production processes and fostered ongoing innovation in fabric design and performance.

Production cotton terry fabrics in Portugal

In value, 2018-2021, K $ US

Portugal's cotton terry fabrics production declined for the third consecutive year. In 2021, output was valued at 72 947 thousand US dollars, down 11.2% from 2020. Between 2018 and 2021, production decreased by 19.2%, which translates to an annualized decline of 6.8%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, K m²

Portugal's cotton terry fabrics production volume fell for the third year in a row. In 2021, the country produced 9 472 thousand square meters, a 14.1% drop compared to the previous year. From 2018 to 2021, production decreased by 32.3%, with a compound annual growth rate of -12.2%.

Annual dynamics of production in Portugal in kind, 2018-2021, K m²

Exports cotton terry fabrics from Portugal

Exports in kind, K m²

Portugal's cotton terry fabrics export volume increased for the second consecutive year. In 2021, exports reached 655.7 thousand square meters, up 33.4% from 2020. However, between 2018 and 2021, exports decreased by 21.2%, averaging an annual decline of 7.6%. The lowest volume was recorded in 2019 at 464.4 thousand square meters, which saw the largest decline of 44.2%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, K m²

From 2018 to 2021, Spain and the United States were the main markets for Portugal's cotton terry fabrics exports in volume terms, together accounting for 84.0% of total flows, while other partners made up the remainder.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

After a two-year decline, Portugal's cotton terry fabrics exports rebounded. In 2021, export value totaled 2 757 thousand US dollars, a sharp increase of 69.7% from 2020. Between 2018 and 2021, exports grew by 10.7%, with an annualized rate of 3.5%. The lowest value was recorded in 2020 at 1 625 thousand US dollars, while the largest decline occurred in 2019 at 33.6%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Throughout 2018 to 2021, the three largest markets for Portugal's cotton terry fabrics exports in value terms were Spain, the United States, and France, together capturing 82.3% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports cotton terry fabrics to Portugal

Imports in kind, K m²

Portugal's cotton terry fabrics import volume rose for the third consecutive year. In 2021, imports were recorded at 904.4 thousand square meters, marking a dramatic increase of 1 703.1% compared to 2020. From 2018 to 2021, imports surged by 4 742.7%, equating to an annualized growth rate of 264.5%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, K m²

Over the period 2018 to 2021, Italy dominated Portugal's cotton terry fabrics imports in volume terms, taking 75.1% of total flows, with other countries accounting for the rest.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Portugal's cotton terry fabrics import market showed significant fluctuations from 2018 to 2021. In 2021, import value totaled 712 thousand US dollars, reflecting an intense rise of 834.6% from 2020. The lowest value was recorded in 2019 at 51 thousand US dollars, which also saw the largest decline of 32.7%. The difference between the peak in 2021 and the trough in 2019 was 13.9-fold.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Italy, China, and Pakistan were the leading sources for Portugal's cotton terry fabrics imports in value terms, with shares of 49.3%, 23.5%, and 10.9%, respectively. Together, they accounted for 83.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021