Chile: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Chile

The Chilean market for coconut, abaca, ramie and other vegetable textile fibres expanded rapidly to $X in 2022, increasing by 7.9% against the previous year. Overall, consumption, however, recorded a prominent expansion. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Chile

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres fell rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 125% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Chile dropped modestly to X tons per ha, almost unchanged from 2021. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 1.5% against the previous year. The yield of coconut, abaca, ramie and other vegetable textile fibres peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in Chile; therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 2.8%. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked in 2022 and is expected to retain growth in years to come.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Chile

In 2019, the amount of coconut, abaca, ramie and other vegetable textile fibres exported from Chile soared to X tons, with an increase of 39% against 2018 figures. In general, total exports indicated significant growth from 2018 to 2019: its volume increased at an average annual rate of +38.6% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2019. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) and Argentina (X tons) were the main destinations of exports of coconut, abaca, ramie and other vegetable textile fibres from Chile.

From 2018 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +192.6%).

In value terms, the United States ($X) and Argentina ($X) were the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Chile worldwide.

Argentina, with a CAGR of +858.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2019, increasing by 227% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2019, 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 totaled $X per ton.

From 2018 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+227.6%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Chile

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres into Chile fell remarkably to X tons, with a decrease of -36.2% compared with the year before. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 when imports increased by 167% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres rose modestly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 142%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Chile, accounting for a 70% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Sri Lanka exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka stood at +56.7%.

In value terms, Sri Lanka ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Chile, comprising 68% of total imports. The second position in the ranking was held by India ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka totaled +66.9%.

Import Prices by Country

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, rising by 64% against the previous year. In general, the import price saw a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.4%).

Source: IndexBox Platform