Brazil: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Brazil

In 2021, the Brazilian high-tenacity filament polyester yarn market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Brazil

In 2021, after two years of decline, there was significant growth in shipments abroad of high-tenacity filament yarn of polyesters, when their volume increased by 1,373% to X tons. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,811%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 544%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Paraguay (X tons) and Chile (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Brazil, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +147.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Indonesia ($X) and Chile ($X) were the largest markets for high-tenacity filament polyester yarn exported from Brazil worldwide, with a combined 91% share of total exports.

Among the main countries of destination, Paraguay, with a CAGR of +74.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, with a decrease of -75% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 156% 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 country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Indonesia ($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 the Netherlands (+19.8%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Brazil

High-tenacity filament polyester yarn imports into Brazil skyrocketed to X tons in 2021, jumping by 38% compared with the year before. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Brazil, accounting for a 83% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.9% per year) and Indonesia (+81.6% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Brazil, comprising 79% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Indonesia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.8% per year) and Indonesia (+75.3% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Indonesia ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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