Argentina: Woolen Yarn Market 2025

Woolen Yarn Market Size in Argentina

In 2021, the Argentinian woolen yarn market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Woolen Yarn Production in Argentina

In value terms, woolen yarn production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 41% against the previous year. Woolen yarn production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Woolen Yarn Exports

Exports from Argentina

In 2021, after four years of growth, there was significant decline in overseas shipments of yarn of wool, when their volume decreased by -42.9% to X tons. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 293% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports shrank rapidly to $X in 2021. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 531% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for woolen yarn exports from Argentina, accounting for a 68% share of total exports. Moreover, woolen yarn exports to Turkey exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. Madagascar (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+8.3% per year) and Madagascar (0.0% per year).

In value terms, Turkey ($X) remains the key foreign market for yarn of wool exports from Argentina, comprising 72% of total exports. The second position in the ranking was held by Madagascar ($X), with a 5% share of total exports. It was followed by Poland, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (0.0% per year) and Poland (+29.7% per year).

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, dropping by -2.7% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 61%. The export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Brazil (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Argentina

Woolen yarn imports into Argentina fell to X tons in 2021, which is down by -11.8% compared with the previous year. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, woolen yarn imports surged to $X in 2021. Over the period under review, imports faced a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of woolen yarn to Argentina, accounting for a 38% share of total imports. Moreover, woolen yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.6% per year) and Spain (-20.7% per year).

In value terms, Italy ($X), Turkey ($X) and Spain ($X) constituted the largest woolen yarn suppliers to Argentina, together comprising 45% of total imports. China, Peru, Belgium, Portugal and New Zealand lagged somewhat behind, together comprising a further 16%.

Belgium, with a CAGR of +14.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, surging by 97% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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