Brazil: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Brazil

After five years of growth, the Brazilian narrow woven fabric market decreased by -0.4% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Narrow Woven Fabric Production in Brazil

In value terms, narrow woven fabric production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 1.7%. Narrow woven fabric production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Narrow Woven Fabric Exports

Exports from Brazil

Narrow woven fabric exports from Brazil shrank to X tons in 2021, dropping by -6.5% on the previous year's figure. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 5.1%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, narrow woven fabric exports dropped slightly to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 4.9% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for narrow woven fabric exports from Brazil, with a 46% share of total exports. Moreover, narrow woven fabric exports to Mexico exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-0.9% per year) and Paraguay (+4.4% per year).

In value terms, Mexico ($X) remains the key foreign market for narrow woven fabrics exports from Brazil, comprising 37% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by Paraguay, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Mexico totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-2.8% per year) and Paraguay (+2.2% per year).

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, with an increase of 6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Romania ($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 United States (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Brazil

In 2021, approx. X tons of narrow woven fabrics were imported into Brazil; jumping by 44% on the year before. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric imports skyrocketed to $X in 2021. In general, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest narrow woven fabric supplier to Brazil, accounting for a 76% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. Paraguay (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.5% per year) and Paraguay (+553.4% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Brazil, comprising 63% of total imports. The second position in the ranking was held by Paraguay ($X), with a 4.6% share of total imports. It was followed by Vietnam, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+418.9% per year) and Vietnam (-1.0% per year).

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the import price, however, recorded a noticeable slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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