Chile: Woolen Yarn Market 2024

Woolen Yarn Market Size in Chile

The Chilean woolen yarn market expanded significantly to $X in 2021, surging by 14% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Woolen yarn consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Chile

In value terms, woolen yarn production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Woolen Yarn Exports

Exports from Chile

In 2021, overseas shipments of yarn of wool were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports skyrocketed to $X in 2021. Overall, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for woolen yarn exports from Chile, accounting for a 60% share of total exports. Moreover, woolen yarn exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by the United States (X kg), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+136.6% per year) and the United States (-31.0% per year).

In value terms, Italy ($X) remains the key foreign market for yarn of wool exports from Chile, comprising 62% of total exports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total exports. It was followed by the United States, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+174.4% per year) and the United States (-35.3% per year).

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 82% against the previous year. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Finland ($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 Turkey (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Yarn Imports

Imports into Chile

In 2021, the amount of yarn of wool imported into Chile soared to X tons, jumping by 85% compared with the year before. Overall, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2014 when imports increased by 131% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, woolen yarn imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of 122% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of woolen yarn to Chile, with a 48% share of total imports. Moreover, woolen yarn imports from India exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. China (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+11.2% per year) and China (+11.8% per year).

In value terms, India ($X) constituted the largest supplier of yarn of wool to Chile, comprising 43% of total imports. The second position in the ranking was taken by Peru ($X), with an 18% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+9.2% per year) and China (+3.8% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, reducing by -6% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, woolen yarn import price increased by +90.1% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :