Peru: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Peru

After two years of decline, the Peruvian man-made filament yarn market increased by X% to $X in 2022. Over the period under review, consumption, however, showed a abrupt decrease. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Man-Made Filament Yarn Exports

Exports from Peru

After five years of growth, shipments abroad of man-made filament yarn decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, man-made filament yarn exports contracted rapidly to $X in 2022. Overall, exports saw a significant curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for man-made filament yarn exports from Peru, accounting for a X% share of total exports. Moreover, man-made filament yarn exports to Ecuador exceeded the volume sent to the second major destination, Chile (X kg), threefold. The third position in this ranking was held by Canada (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Canada (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for man-made filament yarn exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average man-made filament yarn export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Man-Made Filament Yarn Imports

Imports into Peru

In 2022, overseas purchases of man-made filament yarn were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, man-made filament yarn imports skyrocketed to $X in 2022. In general, imports, however, saw a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of man-made filament yarn to Peru, with a X% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Peru, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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