Chile: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Chile

The Chilean high-tenacity filament nylon yarn market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, faced a deep reduction. High-tenacity filament nylon yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Chile

In 2022, exports of high-tenacity filament yarn of nylon or other polyamides from Chile contracted dramatically to X kg, shrinking by -29.2% against the year before. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 1,467% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports fell sharply to $X in 2022. In general, exports saw a sharp reduction. The growth pace was the most rapid in 2016 when exports increased by 1,248%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for high-tenacity filament nylon yarn exports from Chile, with a 85% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-9.3% per year) and Peru (-41.6% per year).

In value terms, Bolivia ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Chile, comprising 59% of total exports. The second position in the ranking was held by Peru ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to -16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-35.6% per year) and Paraguay (-8.7% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. Overall, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 39%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Peru (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Chile

In 2022, overseas purchases of high-tenacity filament yarn of nylon or other polyamides were finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 121%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 188% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of high-tenacity filament nylon yarn to Chile, accounting for a 92% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+28.2% per year) and Colombia (-28.1% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Chile, comprising 92% of total imports. The second position in the ranking was held by Peru ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+29.6% per year) and Colombia (-27.4% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, rising by 19% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn import price increased by +108.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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