Latin America and the Caribbean: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Latin America and the Caribbean

The Latin American cotton (carded or combed) market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption saw a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Cotton (Carded Or Combed) in Latin America and the Caribbean

In value terms, cotton (carded or combed) production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Cotton (Carded Or Combed)

Exports in Latin America and the Caribbean

In 2022, shipments abroad of cotton (carded or combed) increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mexico (X tons), El Salvador (X tons) and Costa Rica (X tons), together reaching X% of total export. Colombia (X tons) ranks next in terms of the total exports with a X% share, followed by Honduras (X%). The following exporters - Guatemala (X tons) and Peru (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest cotton (carded or combed) supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with an X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: El Salvador (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Imports of Cotton (Carded Or Combed)

Imports in Latin America and the Caribbean

In 2022, imports of cotton (carded or combed) in Latin America and the Caribbean dropped to X tons, with a decrease of X% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports surged to $X in 2022. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) represented the major importer of cotton (carded or combed), comprising X% of total imports. It was distantly followed by Honduras (X tons) and El Salvador (X tons), together generating a X% share of total imports. The following importers - Chile (X tons), Guatemala (X tons), Brazil (X tons) and Argentina (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) imports into Mexico stood at X%. At the same time, Guatemala (X%), El Salvador (X%), Argentina (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Honduras (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, El Salvador and Guatemala increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton (carded or combed) importing markets in Latin America and the Caribbean were Mexico ($X), Honduras ($X) and Chile ($X), together comprising X% of total imports. Brazil, Guatemala, Argentina and El Salvador lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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