Spandex Price Trend and Forecast

Spandex Regional Price Overview

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 2024

In the first half of 2024, spandex prices remained at historic lows despite rising costs for related materials such as nylon, polyester, and cotton yarn. Market demand saw a modest recovery driven by restocking for spring and summer apparel orders, as well as some export activity. Buyers in key regions of China became more active, with many purchasing spandex to cover 15 to 30 days of production.
 

Spandex Price Chart

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However, spandex manufacturers faced operational challenges due to overcapacity built during 2021-2023, leading to the lowest operating rates among chemical fibres, with some producers temporarily halting production. Despite this, supply tightened for certain varieties, such as 20D and 30D spandex for high-density circular knitted fabrics. During the traditional peak season following the Spring Festival, spandex markets experienced slight upward momentum due to improved downstream demand.

Analyst Insight

According to Procurement Resource, Spandex prices are projected to correct in the near term, with further declines unlikely. However, the supply outlook suggests confined movement of prices.
 

Spandex Price Trend for the Second Half of 2023
 
Spandex prices were observed to be largely mixed during the third and fourth quarters of the year 2023. The prices witnessed an inclined trajectory initially as the demands increased from July to the middle of the fourth quarter. Especially in the Chinese market, the offshore queries were also considerable. However, as the New Year and Christmas holidays approached the international demands started dipping with a fall in industrial activities.

Thus, the prices took a downturn in the last phase of Q4’23. With increased production capacity in China, there was substantial year-on-year growth noted in the Chinese spandex market during the second half of 2023. Till mid-October, an approximate 2% incline in the average spandex prices had been noted in China. However, late November and December saw an even more depreciation in selling prices. Overall, a very mixed and varying price trajectory was observed for spandex during the said time period.

Analyst Insight

According to Procurement Resource, as the spring festival approaches in China, Spandex prices are expected to fall further owing to lower consumption during long public holidays in China.
 

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 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.