During the first six months of 2023, Spandex encountered price fluctuations. This adaptable fabric, well-known for its ability to boost elasticity, comfort, and moisture resistance in apparel, saw a surge in popularity within innerwear and sportswear. This uptick in demand led to increased supplier needs and swift inventory turnover, hiking prices in the initial quarter.
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Yet, the heightened supply to cater to industry demands in the following quarter resulted in surplus inventory, prompting a decline in prices. Consequently, the market sentiment for Spandex oscillated as prices experienced both upward and downward trends across these two quarters.
Definition
Spandex, also known as elastane, is a synthetic fiber widely used in textile and clothing manufacturing. It is valued for its exceptional elasticity and stretch properties, allowing garments to comfortably conform to the body. Spandex is commonly found in sportswear, activewear, and undergarments, providing flexibility and comfort to clothing.
Key Details About the Spandex Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Spandex in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Spandex Price trend, including India Spandex price, USA Spandex price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Spandex Price Trend:
Spandex is valued across different industries, especially in clothing and fabrics, for its remarkable flexibility and strength. Its outstanding elasticity makes it a crucial material in sportswear, swimwear, and activewear, offering both flexibility and comfort. Moreover, Spandex’s stretch and recovery qualities make it an ideal choice for medical wear, compression stockings, and automotive textiles.
Key Players:
- Hyosung
- DuPont de Nemours, Inc.
- TK Chemical Corp.
- Taekwang Industrial Co. Ltd.
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