Latin America and the Caribbean: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in Latin America and the Caribbean

In 2022, the Latin American nonwoven fabric market increased by X% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Nonwoven Fabric Production in Latin America and the Caribbean

In value terms, nonwoven fabric production contracted to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

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Nonwoven Fabric Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of nonwoven fabrics decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, nonwoven fabric exports stood at $X in 2022. Overall, exports saw a slight decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) and Mexico (X tons) represented the major exporters of nonwoven fabrics in Latin America and the Caribbean, together mixing up X% of total exports. Argentina (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%), Peru (X%) and Guatemala (X%). Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Peru, Paraguay, Uruguay and Guatemala lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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 Uruguay ($X per ton), while Guatemala ($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.

Nonwoven Fabric Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of nonwoven fabrics were imported in Latin America and the Caribbean; with a decrease of X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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 fell in the following year.

In value terms, nonwoven fabric imports contracted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly X% of total imports in 2022. Chile (X tons) ranks next in terms of the total imports with a X% share, followed by Colombia (X%), Argentina (X%) and Peru (X%). Guatemala (X tons), Bolivia (X tons), Ecuador (X tons), the Dominican Republic (X tons) and Costa Rica (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Chile, Colombia, Peru, Ecuador, the Dominican Republic, Guatemala, Costa Rica and Bolivia lagged somewhat behind, together comprising a further X%.

Bolivia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded 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 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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