Chile: Cotton Fabric Market 2024

Cotton Fabric Market Size in Chile

In 2021, the Chilean cotton fabric market increased by 87% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded measured growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cotton Fabric Production in Chile

In value terms, cotton fabric production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports from Chile

In 2021, shipments abroad of woven fabrics of cotton was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cotton fabric exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for cotton fabric exports from Chile, accounting for a 69% share of total exports. Moreover, cotton fabric exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X tons), fivefold. The third position in this ranking was taken by Guatemala (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-12.7% per year) and Guatemala (+63.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for woven fabrics of cotton exports from Chile, comprising 64% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 15% share of total exports. It was followed by Guatemala, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-14.2% per year) and Guatemala (+69.8% per year).

Export Prices by Country

In 2021, the average cotton fabric export price amounted to $X per ton, growing by 21% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Chile

In 2021, purchases abroad of woven fabrics of cotton increased by 119% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton fabric imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable decline. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cotton fabric to Chile, with a 56% share of total imports. Moreover, cotton fabric imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was taken by Pakistan (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+32.0% per year) and Pakistan (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of cotton to Chile, comprising 60% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Pakistan, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+14.7% per year) and Pakistan (-4.0% per year).

Import Prices by Country

In 2021, the average cotton fabric import price amounted to $X per ton, waning by -26.4% against the previous year. Over the period under review, the import price faced a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 41%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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