Latin America and the Caribbean: Silk Yarn Market 2021

Silk Yarn Market Size in Latin America and the Caribbean

The Latin American silk yarn market fell slightly to $X in 2019, with a decrease of -X% against the previous year. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Silk Yarn Production in Latin America and the Caribbean

In value terms, silk yarn production declined to $X in 2019 estimated in export prices. Over the period under review, production recorded a mild expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of silk yarn production in 2019 were Brazil (X tons), Mexico (X tons) and Argentina (X tons), with a combined X% share of total production. These countries were followed by Colombia, Venezuela, Peru, Chile, Cuba, Guatemala, Ecuador, the Dominican Republic, Bolivia and Honduras, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of silk yarn production, amongst the leading producing countries, was attained by Cuba, while silk yarn production for the other leaders experienced a decline in the production figures.

Silk Yarn Exports

Exports in Latin America and the Caribbean

In 2019, overseas shipments of silk yarn 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 saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, silk yarn exports shrank remarkably to $X in 2019. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Brazil represented the major exporter of silk yarn in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near X% of total exports in 2019. Mexico (X tons) took the second position in the ranking, distantly followed by Peru (X tons). All these countries together held near X% share of total exports. The following exporters - Nicaragua (X tons) and Paraguay (X tons) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mexico (+X% per year), while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest silk yarn supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Peru ($X), with a combined X% share of total exports.

Among the main exporting countries, Mexico (+X% per year) saw 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 silk yarn export price in Latin America and the Caribbean stood at $X per ton in 2019, with a decrease of -X% against the previous year. Over the period under review, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Paraguay ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Paraguay, while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Latin America and the Caribbean

In 2019, approx. X tons of silk yarn were imported in Latin America and the Caribbean; which is down by -X% compared with 2018. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports amounted to $X in 2019. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Guyana was the largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Peru (X tons), constituting a X% share of total imports. The following importers - Brazil (X tons), Costa Rica (X tons), Uruguay (X tons), Haiti (X tons) and Guatemala (X tons) - together made up X% of total imports.

Imports into Guyana decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Costa Rica (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Uruguay (-X%), Peru (-X%), Brazil (-X%) and Haiti (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), Costa Rica (+X p.p.), Uruguay (+X p.p.), Guatemala (+X p.p.) and Guyana (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Brazil (-X p.p.) and Haiti (-X p.p.) displayed negative dynamics.

In value terms, the largest silk yarn importing markets in Latin America and the Caribbean were Guyana ($X), Peru ($X) and Costa Rica ($X), together accounting for X% of total imports.

Among the main importing countries, Costa Rica recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the silk yarn import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The level of import peaked in 2019 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Haiti ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Haiti, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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