Brazil: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Brazil

In 2021, the Brazilian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Brazil

In 2021, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Brazil fell remarkably to X tons, waning by -92.2% compared with the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 3,521% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped notably to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 1,487% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), the United States (X tons) and Argentina (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Brazil, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +70.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Paraguay ($X) emerged as the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Brazil, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.4% per year) and Argentina (-23.9% per year).

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 288% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Argentina ($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 (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Brazil

After two years of decline, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 30% to X tons in 2021. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 42%. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Brazil, accounting for a 68% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.9% per year) and South Korea (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Brazil, comprising 72% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.4% share of total imports. It was followed by Taiwan (Chinese), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.2% per year) and Taiwan (Chinese) (-3.9% per year).

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, growing by 41% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+86.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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