Chile: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Chile

The Chilean cotton sewing thread market surged to $X in 2021, jumping by 168% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a tangible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cotton Sewing Thread Exports

Exports from Chile

In 2021, the amount of cotton sewing thread exported from Chile skyrocketed to X tons, increasing by 71% compared with 2020 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 80%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, cotton sewing thread exports rose modestly to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 190%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons), Nigeria (X tons) and Paraguay (X kg) were the main destinations of cotton sewing thread exports from Chile, together accounting for 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +9.8%), while the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) remains the key foreign market for cotton sewing thread exports from Chile, comprising 71% of total exports. The second position in the ranking was held by Bolivia ($X), with a 10% share of total exports. It was followed by Paraguay, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-23.8% per year) and Paraguay (-19.0% per year).

Export Prices by Country

The average cotton sewing thread export price stood at $X per ton in 2021, which is down by -39.3% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 97% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Nigeria ($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 Peru (+7.7%), while the prices for the other major destinations experienced a decline.

Cotton Sewing Thread Imports

Imports into Chile

Cotton sewing thread imports into Chile surged to X tons in 2021, with an increase of 185% on 2020 figures. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton sewing thread imports surged to $X in 2021. Overall, imports saw a mild expansion. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest cotton sewing thread supplier to Chile, with a 62% share of total imports. Moreover, cotton sewing thread imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.3% per year) and Brazil (-8.9% per year).

In value terms, India ($X), Brazil ($X) and China ($X) appeared to be the largest cotton sewing thread suppliers to Chile, with a combined 80% share of total imports. These countries were followed by Uruguay and Turkey, which together accounted for a further 16%.

In terms of the main suppliers, Uruguay, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cotton sewing thread import price amounted to $X per ton, which is down by -13% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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