Latin America and the Caribbean: Spun Yarn Market 2021

Spun Yarn Market Size in Latin America and the Caribbean

In 2019, the Latin American spun yarn market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Production in Latin America and the Caribbean

In value terms, spun yarn production dropped notably to $X in 2019 estimated in export prices. In general, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of spun yarn production was Nicaragua (X kg), comprising approx. X% of total volume. Moreover, spun yarn production in Nicaragua exceeded the figures recorded by the second-largest producer, Brazil (X kg), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Nicaragua amounted to +X%.

Spun Yarn Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of yarn spun from silk waste was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, spun yarn exports skyrocketed to $X in 2019. In general, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Peru prevails in spun yarn exports structure, finishing at X tons, which was approx. X% of total exports in 2019. It was distantly followed by Brazil (X kg), achieving a X% share of total exports.

Peru experienced a relatively flat trend pattern with regard to volume of exports of yarn spun from silk waste. Brazil (-X%) illustrated a downward trend over the same period. Peru (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest spun yarn supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports.

In Peru, spun yarn exports plunged by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

In 2019, the spun yarn export price in Latin America and the Caribbean amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while Peru totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil.

Spun Yarn Imports

Imports in Latin America and the Caribbean

In 2019, supplies from abroad of yarn spun from silk waste increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The volume of import peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports rose markedly to $X in 2019. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Peru was the largest importer of yarn spun from silk waste in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near X% of total imports in 2019. Mexico (X tons) took the second position in the ranking, followed by Chile (X tons), the Dominican Republic (X tons) and Guatemala (X tons). All these countries together took approx. X% share of total imports. Uruguay (X kg) and Jamaica (X kg) occupied a little share of total imports.

Imports into Peru decreased at an average annual rate of -X% from 2007 to 2019. At the same time, the Dominican Republic (+X%), Chile (+X%), Jamaica (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Mexico (-X%) and Uruguay (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Peru, Chile, the Dominican Republic, Guatemala and Jamaica increased by +X%, +X%, +X%, +X% and +X% percentage points, while Uruguay (-X p.p.) and Mexico (-X p.p.) saw their share reduced.

In value terms, Peru ($X) constitutes the largest market for imported yarn spun from silk waste in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Peru stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-X% per year) and Chile (+X% per year).

Import Prices by Country

In 2019, the spun yarn import price in Latin America and the Caribbean amounted to $X per ton, reducing by -X% against the previous year. Import price indicated a pronounced increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 when the import price increased by X% year-to-year. Over the period under review, import prices reached the peak figure at $X per ton in 2018, and then contracted in the following year.

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

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

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Source: IndexBox Platform

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