Argentina: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Argentina

In 2021, the Argentinian narrow woven fabric market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Exports

Exports from Argentina

In 2021, overseas shipments of narrow woven fabrics increased by 87% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 96%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, narrow woven fabric exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for narrow woven fabric exports from Argentina, accounting for a 74% share of total exports. Moreover, narrow woven fabric exports to Paraguay exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Uruguay (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.7% per year) and Uruguay (-10.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for narrow woven fabrics exports from Argentina, comprising 60% of total exports. The second position in the ranking was held by Uruguay ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-6.6% per year) and the United Arab Emirates (+3.6% per year).

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, dropping by -8.3% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Argentina

In 2021, after two years of decline, there was significant growth in overseas purchases of narrow woven fabrics, when their volume increased by 56% to X tons. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric imports soared to $X in 2021. Overall, imports, however, recorded a pronounced contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Paraguay (X tons) and Brazil (X tons) were the main suppliers of narrow woven fabric imports to Argentina, with a combined 83% share of total imports. Turkey, the United States, Chile, Italy and Vietnam lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +97.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Paraguay ($X) constituted the largest narrow woven fabric suppliers to Argentina, with a combined 80% share of total imports. The United States, Italy, Turkey, Vietnam and Chile lagged somewhat behind, together comprising a further 12%.

Turkey, with a CAGR of +101.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, growing by 3.3% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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