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.
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 trends 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 trends 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.
According to Procurement Resource, the price trends 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.
Spandex is a synthetic polymer of polyglycol, di isocyanate and polyurethane. It is an elastomer better than rubber in terms of strength and elasticity. It can be stretched multiple times but recoil to the same shape when released. It is resistant to most acids and alkalis. It is used mainly for making fabric.
|Industrial Uses||Athletic wear, stretch pants, skinny jeans, socks, swimsuits, motion capture suits.|
|Synonyms||polyurethane fibers, Lycra, elastane|
|Supplier Database||Hyosung, DuPont de Nemours, Inc., TK Chemical Corp., Taekwang Industrial Co. Ltd.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In spandex production, firstly, Monomer units are formed by mixing macro glycol with di-isocyanate, giving a prepolymer which is then reacted with di amine, followed by its dilution with a solvent to produce a spinning solution, which is then passed through spinnerets to give solid fibres which are then bundled and twisted to form spandex which is finally treated with finishing textile chemicals.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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