Latin America and the Caribbean: Filaments Sewing Thread Market 2020

Filaments Sewing Thread Market Size in Latin America and the Caribbean

The revenue of the filaments sewing thread market in Latin America and the Caribbean amounted to $X in 2017, growing by X% against the previous year. The filaments sewing thread consumption continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. The level of filaments sewing thread consumption peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Filaments Sewing Thread Production in Latin America and the Caribbean

The filaments sewing thread production stood at X tons in 2017, stabilizing at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. The volume of filaments sewing thread production peaked in 2017, and is likely to see steady growth in the near future.

Filaments Sewing Thread Exports in Latin America and the Caribbean

The exports stood at X tons in 2017, coming down by -X% against the previous year. The filaments sewing thread exports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. Over the period under review, the filaments sewing thread exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, filaments sewing thread exports totaled $X in 2017. The filaments sewing thread exports continue to indicate a deep curtailment. Over the period under review, the filaments sewing thread exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Filaments Sewing Thread Exports by Country in Latin America and the Caribbean

Mexico was the largest exporter of sewing thread of man-made filaments in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near X% of total exports in 2017. Brazil (X tons) took the second position in the ranking, followed by Guatemala (X tons) and the Dominican Republic (X tons). All these countries together took near X% share of total exports. Honduras (X tons), Costa Rica (X tons) and El Salvador (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to filaments sewing thread exports from Mexico stood at -X%. At the same time, Guatemala (+X%) and the Dominican Republic (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Brazil (-X%), El Salvador (-X%), Costa Rica (-X%) and Honduras (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Mexico, Honduras, Costa Rica, Brazil and El Salvador increased by X%, X%, X%, X% and X% percentage points, while the Dominican Republic (-X%) and Guatemala (-X%) saw their share reduced.

In value terms, the largest filaments sewing thread markets worldwide were Mexico ($X), Brazil ($X) and the Dominican Republic ($X), with a combined X% share of total exports.

Among the main exporting countries , the Dominican Republic (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced a decline in the exports figures.

Filaments Sewing Thread Export Prices by Country in Latin America and the Caribbean

The filaments sewing thread export price in Latin America and the Caribbean stood at $X per ton in 2017, shrinking by -X% against the previous year. The filaments sewing thread export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. The level of export price peaked of $X per kg in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the Dominican Republic ($X per kg), while Honduras ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by El Salvador (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Filaments Sewing Thread Imports in Latin America and the Caribbean

In 2017, approx. X tons of sewing thread of man-made filaments were imported in Latin America and the Caribbean; going up by X% against the previous year. The filaments sewing thread imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when imports increased by X% y-o-y. Over the period under review, the filaments sewing thread imports attained its peak figure volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, filaments sewing thread imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Filaments Sewing Thread Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) was the major importer for sewing thread of man-made filaments, committing X% of total imports. It was distantly followed by Guatemala (X tons), El Salvador (X tons) and Nicaragua (X tons), together achieving X% share of total imports. The following importers - Brazil (X tons), Honduras (X tons), Peru (X tons), Venezuela (X tons), Colombia (X tons) and Ecuador (X tons) together made up X% of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Peru (+X%), Venezuela (+X%), Ecuador (+X%), Nicaragua (+X%), El Salvador (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Colombia (-X%), Guatemala (-X%) and Honduras (-X%) illustrated a downward trend over the same period. Honduras (X%) and Guatemala (X%) significantly strengthened its position in terms of the global imports, while Nicaragua and Mexico saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported sewing thread of man-made filaments in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of global imports. It was followed by Nicaragua, with a X% share.

In Mexico, filaments sewing thread imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Guatemala (-X% per year) and Nicaragua (+X% per year).

Filaments Sewing Thread Import Prices by Country in Latin America and the Caribbean

In 2017, the filaments sewing thread import price in Latin America and the Caribbean amounted to $X per ton, remaining stable against the previous year. The filaments sewing thread import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The level of import price peaked of $X per ton in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per kg), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform