Spandex Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Spandex in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Spandex Price Trend for the First Half of 2023

Spandex observed a mixed price pattern during the first half of 2023. As Spandex increases the elasticity, comfort, and sweat resistibility of garments, it saw increased usage, especially in innerwear and sportswear departments.

Spandex Price Chart

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This increased usage posed higher demands for suppliers, and existing inventories witnessed considerable movement in this time period. The higher demands let the suppliers push the prices up, and an upward trajectory was noticed in Spandex’s price trend throughout the first quarter. However, since the supplies were increased owing to higher demands from the downstream industries, the inventories started overflowing. This excess in supplies, coupled with stable demands, returned the price trend down; thus, a southward trend was noticed in the second quarter. So, as Spandex prices rose in one quarter and fell in the other, mixed market sentiments were observed overall.

Analyst Insight

According to Procurement Resource, the price trend for Spandex are expected to continue following similar fluctuating patterns in the coming quarter, given the current excess supplies and steady demands from the downstream industries.

Procurement Resource provides latest prices of Spandex. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.