MERCOSUR: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in MERCOSUR

In 2022, the MERCOSUR market for coconut, abaca, ramie and other vegetable textile fibres increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated noticeable 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in MERCOSUR

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres contracted to $X in 2022 estimated in export price. The total production indicated a measured 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Brazil (X tons) remains the largest coconut, abaca, ramie and other vegetable textile fibre producing country in MERCOSUR, accounting for X% of total volume. Moreover, production of coconut, abaca, ramie and other vegetable textile fibres in Brazil exceeded the figures recorded by the second-largest producer, Ecuador (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Ecuador (X% per year) and Colombia (X% per year).

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in MERCOSUR declined to X tons per ha, which is down by X% on 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres attained the maximum level at X tons per ha in 2017; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of coconut, abaca, ramie and other vegetable textile fibres fell modestly to X ha in 2022, stabilizing at the previous year. Overall, the harvested area showed a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in MERCOSUR

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were exported in MERCOSUR; which is down by X% compared with the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped to $X in 2022. Total exports indicated notable 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Brazil (X tons) was the main exporter of coconut, abaca, ramie and other vegetable textile fibres, committing X% of total exports. It was distantly followed by Ecuador (X tons), mixing up a X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of coconut, abaca, ramie and other vegetable textile fibres. Ecuador experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) and Ecuador ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2022.

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 Ecuador ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in MERCOSUR

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres in MERCOSUR fell sharply to X tons, with a decrease of X% on the year before. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Chile (X tons) and Colombia (X tons) prevails in fibres structure, together creating X% of total imports. It was distantly followed by Uruguay (X tons), comprising a X% share of total imports. The following importers - Brazil (X tons), Paraguay (X tons) and Ecuador (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Chile ($X) and Paraguay ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a perceptible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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