Latin America and the Caribbean: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in Latin America and the Caribbean

In 2023, after five years of growth, there was significant decline in the Latin American nonwoven fabric market, when its value decreased by X% to $X. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Nonwoven Fabric Production in Latin America and the Caribbean

In value terms, nonwoven fabric production stood at $X in 2023 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Nonwoven Fabric Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of nonwoven fabrics decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, nonwoven fabric exports declined modestly to $X in 2023. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Mexico (X tons) and Brazil (X tons) represented the key exporters of nonwoven fabrics in Latin America and the Caribbean, together making up X% of total exports. Peru (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%), Paraguay (X%) and Guatemala (X%). Chile (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest nonwoven fabric supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Peru ($X), together accounting for X% of total exports. Argentina, Paraguay, Guatemala and Chile lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Nonwoven Fabric Imports

Imports in Latin America and the Caribbean

In 2023, supplies from abroad of nonwoven fabrics decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, nonwoven fabric imports dropped to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly X% of total imports in 2023. Chile (X tons) ranks next in terms of the total imports with a X% share, followed by Peru (X%), Colombia (X%), Guatemala (X%), Argentina (X%) and Ecuador (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported nonwoven fabrics in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform