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Spandex Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24191
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Spandex Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Spandex | Others | USA | 3302 USD/MT |
| Spandex | Others | Germany | 3598 USD/MT |
The price of spandex in the United States for Q4 2023 reached 3302 USD/MT in December.
On the contrary, the price trend for spandex in Germany reached 3598 USD/MT at the same time.
Spandex Price Trend, Market Analysis, and News
IMARC's latest publication, “Spandex Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the spandex market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of spandex at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed spandex price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting spandex pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Spandex Market Analysis
The global spandex market size reached US$ 8.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 14.19 Billion, at a projected CAGR of 5.60% during 2023-2032.
- As fitness activities and sports continue to gain popularity, the demand for sportswear and activewear has correspondingly increased. This has driven the growth of the spandex market, given its prevalent use in these garments.
- The rising demand for spandex in casual wear and everyday clothing is also propelling the market growth. Due to its highly stretchable and soft nature, spandex is widely utilized for producing comfortable and body-fitting garments.
- Innovations in textile manufacturing technologies are enhancing the quality and efficiency of spandex production, thereby driving the market. These advancements enable the creation of spandex blends with improved properties, such as increased durability and moisture-wicking capabilities.
- Spandex is extensively utilized in medical garments and accessories, such as compression stockings and bandages. The growth of healthcare industries and rising awareness about health and fitness are leading to the increased demand for spandex-based medical products.
- Inflating disposable incomes and a shift in consumer lifestyle result in growing expenditure on high-quality and fashionable clothing. Its flexibility and comfort make spandex a preferred choice for manufacturers seeking to cater to such demand.
- The emergence of e-commerce platforms is facilitating easier access for consumers to a wide range of spandex-based products. Trends in online shopping significantly enhance the visibility and availability of spandex garments, thereby bolstering the market growth.
- An increasing trend toward greener and eco-friendly textiles is providing impetus to the market. Manufacturers are paying more attention to the development of greener alternate spandex solutions. Innovations in recycling and production processes concentrate the market on more sustainable spandex solutions.
- The growing interest in yoga and pilates is accelerating the demand for spandex for athleisure, that requires flexibility and comfort. The stretchiness and form-fitting nature of spandex make it ideal for such activities.
- The increasing demand for spandex, driven by new trends in the global fashion industry, is creating a positive market outlook. Designers and brands are continually seeking innovative materials that offer comfort, performance, and other desirable attributes, thereby fueling the growth of the spandex market.
Spandex News
The report covers the latest developments, updates, and trends impacting the price of spandex, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the spandex price trend.
Latest developments in the spandex industry:
- April 18, 2024: Toray Opelontex introduced their groundbreaking LYCRA fibers, transforming clothing with invisible and remarkable properties, while incorporating sustainable practices for a brighter, more sustainable future.
- April 4, 2024: Hyosung announced an investment of US$1 Billion in Green Raw Materials for 'Bio-spandex' in Vietnam to substitute the industry's traditional use of raw fossil fuels such as coal to make spandex with sugarcane. Hyosung added that it would use US-based sustainable material and technology corporation Geno's technology to expedite the process and unlock the production and selling of Bio-BDO with an annual capacity of 50,000 tons during the first half of 2026.
Product Description
Spandex, also called elastane or Lycra, is a polymeric fiber known for its great elasticity. It is manufactured from a long-chain polymer called polyurethane. Thus, it displays remarkable elasticity up to five times its natural length while holding its integrity. This property gives it special status as a material for a wide range of applications, mostly in clothes requiring flexibility and comfort.
Spandex is blended with other fibers, for example, cotton, polyester, or nylon in the fashion and clothing industries to provide extensibility and comfort of wear. Therefore, it can be a staple in activewear, sportswear, and swimwear as it provides a snug but comfortable fit for individuals to move around easily. Spandex applications extend into the medical domain in things such as compression stockings, bandages, and orthopedic braces, whereby its elasticity contributes to compression therapy and support.
It is used in everyday wear apparel including jeans, underwear, and hosiery, in which its stretch assists with comfort and, more importantly, fit. It is considered an important constituent in modern fashion and functional textiles due to its versatility and continuous innovation in textile production.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the spandex price trend.
Global Spandex Price
The report offers a holistic view of the global spandex pricing trends in the form of spandex price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into the historical price of spandex, enabling stakeholders to understand past fluctuations and their underlying causes. x report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed spandex demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Spandex Price
European spandex prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for spandex can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Spandex Price
The analysis of spandex prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific spandex historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Spandex Price
The report explores the spandex pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Spandex Price
The spandex pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This spandex price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Spandex Price
The analysis of spandex prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Spandex |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Spandex Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of spandex pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting spandex price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The spandex price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
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- For further assistance, please connect with our analysts.
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