Chile: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Chile

The Chilean quilted textile products market reached $X in 2021, with an increase of 4.7% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.4% against 2019 indices. Quilted textile products consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Quilted Textile Products Production in Chile

In value terms, quilted textile products production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Quilted textile products production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Quilted Textile Products Exports

Exports from Chile

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) increased by 138% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, showed a deep downturn. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, quilted textile products exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for quilted textile products exports from Chile, accounting for a 86% share of total exports. Moreover, quilted textile products exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), eightfold. The third position in this ranking was taken by Bolivia (X kg), with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-7.0% per year) and Bolivia (-28.7% per year).

In value terms, Peru ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Chile, comprising 87% of total exports. The second position in the ranking was taken by Colombia ($X), with a 9.8% share of total exports. It was followed by Bolivia, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Peru totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.8% per year) and Bolivia (-29.1% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, with an increase of 9.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 43%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina ($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 (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Quilted Textile Products Imports

Imports into Chile

After two years of growth, supplies from abroad of quilted textile products in the piece (excluding embroidery) decreased by -9.2% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 134%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, quilted textile products imports fell significantly to $X in 2021. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by 111% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main quilted textile products supplier to Chile, accounting for a 94% share of total imports. It was followed by the United States (X kg), with a 2.3% share of total imports. The third position in this ranking was held by Spain (X kg), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.5% per year) and Spain (-19.4% per year).

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Chile, comprising 63% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Turkey, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.3% per year) and Turkey (-51.5% per year).

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, falling by -14.7% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 84% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+32.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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