Latin America and the Caribbean: Textile Wadding Market 2024

Textile Wadding Market Size in Latin America and the Caribbean

After two years of growth, the Latin American textile wadding market decreased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Textile Wadding Production in Latin America and the Caribbean

In value terms, textile wadding production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Textile Wadding Exports

Exports in Latin America and the Caribbean

In 2022, textile wadding exports in Latin America and the Caribbean expanded markedly to X tons, surging by X% compared with 2021. Total exports indicated a pronounced expansion 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. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, textile wadding exports soared to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico was the major exporter of wadding of textile materials and articles thereof in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Paraguay (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%) and the Dominican Republic (X%). Chile (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the wadding of textile materials and articles thereof exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Paraguay (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Dominican Republic (X p.p.), Chile (X p.p.) and Paraguay (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest textile wadding supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Paraguay (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a moderate expansion 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, textile wadding export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 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 Chile ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Textile Wadding Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of wadding of textile materials and articles thereof decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, textile wadding imports rose significantly to $X in 2022. Total imports indicated perceptible 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 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons), Chile (X tons) and Mexico (X tons) was the key importer of wadding of textile materials and articles thereof in Latin America and the Caribbean, committing X% of total import. Argentina (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Colombia (X%) and Paraguay (X%). The following importers - Ecuador (X tons), Guatemala (X tons), Cuba (X tons), Uruguay (X tons), Costa Rica (X tons) and Jamaica (X tons) - together made up X% of total imports.

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

In value terms, the largest textile wadding importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports. Chile, Peru, Colombia, Cuba, Uruguay, Costa Rica, Ecuador, Paraguay, Guatemala and Jamaica lagged somewhat behind, together accounting for a further X%.

Cuba, with a CAGR of X%, saw the highest growth rate of 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a resilient expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Mexico ($X per ton), while Jamaica ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :