Chile: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Chile

The Chilean market for other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted to $X in 2021, falling by -6.1% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Chile

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning fell to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

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

Exports from Chile

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Chile surged to X tons, with an increase of 1,277% compared with the previous year's figure. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Chile, accounting for a 84% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Bolivia exceeded the volume sent to the second major destination, Peru (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Bolivia stood at +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+59.4% per year) and Colombia (+5.1% per year).

In value terms, Bolivia ($X), Peru ($X) and Colombia ($X) appeared to be the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Chile worldwide.

In terms of the main countries of destination, Peru, with a CAGR of +39.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with a decrease of -34.8% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+2.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Chile

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 24% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 109% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 65%. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Chile, with a 33% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Portugal exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. China (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+24.0% per year) and China (-8.5% per year).

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Chile were Indonesia ($X), Portugal ($X) and China ($X), together comprising 58% of total imports. These countries were followed by South Korea and Japan, which together accounted for a further 9.6%.

Among the main suppliers, South Korea, with a CAGR of +72.6%, saw 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 import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 2.2% against the previous year. Overall, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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