Man-made fibre knitted jerseys and pullovers market in Spain

Earlier Report Observations

From 2018 to 2021, the Spanish market for man-made fibre knitted jerseys and pullovers contracted significantly in both volume and value. Domestic production fell from 8.0 million units to 4.5 million units, while the total market volume declined from 79.3 million units to 60.1 million units. In monetary terms, the market shrank from $323 million to $190 million over this period.

After 2021, import and export volumes exhibited considerable volatility. Imports reached a peak of 202.7 million units in 2022 before decreasing, while exports followed a similar fluctuating pattern. A key development in 2024 was a reported reduction in synthetic fibre costs within the Spanish textile sector, a factor that can influence production costs and product competitiveness in the market.

Production man-made fibre knitted jerseys and pullovers in Spain

In value, 2017-2020, K $ US

In 2020, Spain's production of man-made fibre knitted jerseys and pullovers was valued at 77 144 thousand US dollars, representing an 11.8% decrease compared to 2019. Over the period from 2017 to 2020, production declined by 16.2%, which translates to an annualized rate of 5.7%. The only increase during this timeframe occurred in 2019, with a modest rise of 2.0%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Spain's production of man-made fibre knitted jerseys and pullovers has declined for the third consecutive year. In 2020, output reached 6 049 thousand units, marking a significant decrease of 20.1% compared to the previous year. From 2017 to 2020, production fell by 39.6%, with a compound annual growth rate of 15.5%.

Annual dynamics of production in Spain in kind, 2017-2020, K unit

Exports man-made fibre knitted jerseys and pullovers from Spain

Exports in kind, M unit

In 2020, Spain's exports of man-made fibre knitted jerseys and pullovers amounted to 99.8 million units, reflecting a 13.7% decline compared to 2019. Over the period from 2017 to 2020, exports decreased by 12%, equating to an annualized rate of 4.2%. The peak was recorded in 2019 at 115.7 million units, which also saw the largest increase of 5.0% during this timeframe.

Annual dynamics of product's exports from Spain in kind, 2017-2020, M unit

From 2017 to 2020, Spain's exports of man-made fibre knitted jerseys and pullovers were distributed across a broad portfolio of buyers. France accounted for 14.7% of exports in kind, Italy for 13.4%, and Portugal for 10.5%, with these three countries together contributing 38.6% of total exports. Many other countries held smaller but notable shares, indicating a diverse market.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Spain's exports of man-made fibre knitted jerseys and pullovers have declined for the third consecutive year. In 2020, export value reached 793 million US dollars, showing a substantial decrease of 13.1% compared to the prior year. Over the period from 2017 to 2020, exports fell by 15.2%, with a compound annual growth rate of 5.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Between 2017 and 2020, Spain's exports of man-made fibre knitted jerseys and pullovers in value terms relied on a wide range of partner countries. France represented 13.9% of exports in value, Italy 12.7%, and Portugal 9.1%, with these three together accounting for just 35.7% of total flows, highlighting a diversified export structure.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports man-made fibre knitted jerseys and pullovers to Spain

Imports in kind, M unit

Following a two-year increase, Spain's imports of man-made fibre knitted jerseys and pullovers in volume declined. In 2020, imports totaled 153.6 million units, indicating a solid decrease of 21.3% compared to 2019. Over the period from 2017 to 2020, imports decreased by 7.2%, with a compound annual growth rate of 2.4%. The highest volume was recorded in 2019 at 195.3 million units, while the largest increase occurred in 2018 at 9.7%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, M unit

From 2017 to 2020, China, Bangladesh, and Turkey remained the leading sources for Spain's imports of man-made fibre knitted jerseys and pullovers in kind. China accounted for 33.4% of imports, Bangladesh for 25.3%, and Turkey for 16.0%, with their combined share reaching 74.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After a two-year rise, Spain's imports of man-made fibre knitted jerseys and pullovers in value declined. In 2020, imports amounted to 1 188 million US dollars, reflecting a fall of 17.6% relative to the prior year. Between 2017 and 2020, imports decreased by 3.4%, equating to an annualized rate of 1.1%. The peak value was recorded in 2019 at 1 188 million US dollars, with the largest increase occurring in 2018 at 14.5%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Throughout 2017 to 2020, China, Bangladesh, and Turkey remained central to Spain's imports of man-made fibre knitted jerseys and pullovers in value terms, together accounting for 72.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020