Latin America and the Caribbean: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Latin America and the Caribbean

In 2022, the Latin American market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by X% to $X, rising for the third consecutive year after two years of decline. The market 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. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Latin America and the Caribbean

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning rose to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in Latin America and the Caribbean

In 2022, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported in Latin America and the Caribbean; reducing by X% on the year before. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons) represented the major exporter of other synthetic tow and staple not carded, combed or otherwise processed for spinning, constituting X% of total exports. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Chile (X%) and Colombia (X%). Guatemala (X tons), Peru (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Mexico stood at X%. At the same time, Guatemala (X%), Colombia (X%), Peru (X%), Chile (X%), Argentina (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mexico, Colombia, Guatemala, Chile and Peru increased by X, X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained 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 Peru ($X per ton), while Argentina ($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 mixed trends in the export price figures.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons in 2022. Total imports indicated a moderate increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning rose to $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil was the largest importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Colombia (X tons) took the second position in the ranking, distantly followed by Chile (X tons), Bolivia (X tons) and Mexico (X tons). All these countries together held near X% share of total imports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning imports into Brazil stood at X%. At the same time, Bolivia (X%) and Chile (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Bolivia (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.), Colombia (X p.p.) and Mexico (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price 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, import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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