Synthetic Yarn Market Overview in Spain
In value terms, synthetic yarn production fell to $ in estimated in export prices. Over the period under review, production recorded a perceptible slump. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The size of the synthetic yarn market in Spain shrank notably to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable contraction. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Synthetic yarn consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain the momentum.