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

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

In 2022, the Brazilian market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 9.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, posted a buoyant increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

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

Exports from Brazil

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Brazil fell notably to X tons, waning by -38.3% on 2021 figures. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 408%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted notably to $X in 2022. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 397% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Brazil, with a 90% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+19.4% per year) and the United States (-48.5% per year).

In value terms, Argentina ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Brazil, comprising 89% of total exports. The second position in the ranking was held by Paraguay ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+19.2% per year) and the United States (-51.1% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 168%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Brazil

After six years of growth, overseas purchases of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -2.3% to X tons in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 32%. Over the period under review, imports of reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Brazil, with a 38% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.8% per year) and Vietnam (+31.9% per year).

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Brazil, comprising 37% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.7% per year) and South Korea (-1.1% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2021 when the average import price increased by 26%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Colombia ($X per ton), while the price for Argentina ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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