Spandex Prices, Trends & Forecasts | Provided by Procurement Resource from Christeen Johnson's blog
During the first half of 2023, the Spandex Price Index exhibited a fluctuating pattern. Renowned for its elasticity, comfort, and moisture resistance, Spandex experienced heightened demand in innerwear and sportswear segments. This surge led to increased supplier demands and rapid inventory turnover, resulting in price hikes in the first quarter. However, as supply ramped up to meet industry needs, excess inventory accumulated in the second quarter, leading to price declines. Overall, the market sentiment for Spandex fluctuated as prices rose and fell across the two quarters, as indicated by the Spandex Price Index.
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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 chart, 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.
Spandex plays a crucial role across diverse industries, particularly in apparel and textiles, owing to its remarkable elasticity and durability. Widely utilized in sportswear, swimwear, and activewear, it offers unparalleled flexibility and comfort to users. Moreover, Spandex finds applications in medical garments, compression stockings, and automotive textiles, valued for its exceptional stretch and recovery properties.
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