Latin America and the Caribbean: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Latin America and the Caribbean

The Latin American artificial filament tow market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, posted a pronounced expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Filament Tow Production in Latin America and the Caribbean

In value terms, artificial filament tow production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Artificial Filament Tow Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of artificial filament tow decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, artificial filament tow exports declined to $X in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Chile (X tons) and Paraguay (X tons) - each amounted to a X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Paraguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brazil, Chile and Paraguay increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest artificial filament tow supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Paraguay (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the export price figures.

Artificial Filament Tow Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of artificial filament tow were imported in Latin America and the Caribbean; with a decrease of X% on the previous year's figure. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial filament tow imports fell remarkably to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of artificial filament tow, namely Paraguay, Argentina, Mexico and Chile, represented more than two-thirds of total import. It was distantly followed by Brazil (X tons), achieving a X% share of total imports. The following importers - Trinidad and Tobago (X tons) and Honduras (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Paraguay ($X), Argentina ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mexico, Brazil, Trinidad and Tobago and Honduras lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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