Brazil: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in Brazil

For the ninth consecutive year, the Brazilian pile and chenille fabric market recorded decline in sales value, which decreased by -X% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when the market value decreased by -X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Brazil

In value terms, pile and chenille fabric production rose slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt curtailment. Pile and chenille fabric production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Brazil

In 2021, exports of woven pile fabrics and chenille fabrics from Brazil reduced slightly to X tons, dropping by -X% on the previous year's figure. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports rose remarkably to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for pile and chenille fabric exports from Brazil, with a X% share of total exports. Moreover, pile and chenille fabric exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), tenfold. Paraguay (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Paraguay (-X% per year).

In value terms, Argentina ($X) remains the key foreign market for pile and chenille fabric exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Paraguay (-X% per year).

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price, however, showed a noticeable slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Brazil

For the third year in a row, Brazil recorded decline in purchases abroad of woven pile fabrics and chenille fabrics, which decreased by -X% to X tons in 2021. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports contracted rapidly to $X in 2021. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to Brazil, accounting for a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and South Korea (-X% per year).

In value terms, the largest pile and chenille fabric suppliers to Brazil were China ($X), Italy ($X) and South Korea ($X), with a combined X% share of total imports.

Italy, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

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

Source: IndexBox Market Intelligence Platform

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