Argentina: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Argentina

In 2021, the Argentinian quilted textile products market increased by 0.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Quilted Textile Products Production in Argentina

In value terms, quilted textile products production reduced slightly to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

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Quilted Textile Products Exports

Exports from Argentina

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 794%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, quilted textile products exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 722%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for quilted textile products exports from Argentina, with a 80% share of total exports. Moreover, quilted textile products exports to Uruguay exceeded the volume sent to the second major destination, Iceland (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (0.0% per year) and Sweden (0.0% per year).

In value terms, Uruguay ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by Iceland ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uruguay stood at -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (0.0% per year) and Sweden (0.0% per year).

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, rising by 3.2% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-7.6%).

Quilted Textile Products Imports

Imports into Argentina

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported into Argentina surged to X tons, increasing by 77% compared with the previous year's figure. In general, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 96% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, quilted textile products imports soared to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 77% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of quilted textile products to Argentina, with a 84% share of total imports. Moreover, quilted textile products imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The third position in this ranking was held by Pakistan (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+84.0% per year) and Pakistan (0.0% per year).

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Argentina, comprising 65% of total imports. The second position in the ranking was held by Canada ($X), with a 24% share of total imports. It was followed by the United States, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+59.8% per year) and the United States (-13.5% per year).

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, dropping by -9.3% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, quilted textile products import price increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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