Chile: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Chile

In 2021, the Chilean high-tenacity filament polyester yarn market increased by 7.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Chile

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported from Chile; falling by -17.5% compared with 2020. In general, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2016 with an increase of 199%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports reduced sharply to $X in 2021. Over the period under review, exports faced a sharp downturn. The growth pace was the most rapid in 2016 with an increase of 162% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for high-tenacity filament polyester yarn exports from Chile, accounting for a 61% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-9.3% per year) and Peru (-35.1% per year).

In value terms, Bolivia ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Chile, comprising 61% of total exports. The second position in the ranking was held by Paraguay ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-8.5% per year) and Peru (-34.6% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, high-tenacity filament polyester yarn export price decreased by -0.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Peru ($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 India (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Chile

In 2021, purchases abroad of high-tenacity filament yarn of polyesters increased by 6.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, high-tenacity filament polyester yarn imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 35%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Chile, with a 82% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.7% per year) and Germany (-10.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Chile, comprising 71% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports.

From 2012 to 2021, 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: South Korea (+4.0% per year) and Germany (-12.9% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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