Latin America and the Caribbean: Flax Fiber Market 2024

Flax Fiber Market Size in Latin America and the Caribbean

The Latin American flax fiber market reached $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Flax Fiber Production in Latin America and the Caribbean

In value terms, flax fiber production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Chile (X tons) and Argentina (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Chile (with a CAGR of X%).

In 2022, the average flax fiber yield in Latin America and the Caribbean reached X tons per ha, remaining constant against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the flax fiber yield hit record highs at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of flax fiber production in Latin America and the Caribbean totaled X ha, flattening at the previous year. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Flax Fiber Exports

Exports in Latin America and the Caribbean

In 2022, approx. X kg of flax fiber were exported in Latin America and the Caribbean; rising by X% on the previous year. Over the period under review, exports showed a measured increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. 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, flax fiber exports expanded rapidly to $X in 2022. In general, exports, however, showed a abrupt descent. 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. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X kg) represented the key exporter of flax fiber, making up X% of total exports. Brazil (X kg) held the second position in the ranking, distantly followed by Uruguay (X kg) and Honduras (X kg). All these countries together held approx. X% share of total exports. Colombia (X kg) and Peru (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flax fiber exports from Mexico stood at X%. At the same time, Peru (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Honduras (X%), Colombia (X%) and Uruguay (X%) illustrated a downward trend over the same period. While the share of Uruguay (X p.p.), Brazil (X p.p.), Honduras (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Flax Fiber Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of flax fiber decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, flax fiber imports surged to $X in 2022. In general, imports, however, recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Chile (X tons), creating a X% share of total imports. The Dominican Republic (X tons), Argentina (X tons), Colombia (X tons) and Peru (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of flax fiber. At the same time, the Dominican Republic (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and the Dominican Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flax fiber importing markets in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and Chile ($X), together accounting for X% of total imports. The Dominican Republic, Peru and Argentina lagged somewhat behind, together comprising a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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. In general, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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