Latin America and the Caribbean: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Latin America and the Caribbean

After three years of decline, the Latin American flax, tow and waste market increased by X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Flax, Tow And Waste in Latin America and the Caribbean

In value terms, flax, tow and waste production dropped to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of flax, tow and waste production, comprising approx. X% of total volume. Moreover, flax, tow and waste production in Brazil exceeded the figures recorded by the second-largest producer, Ecuador (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Brazil was relatively modest.

Exports of Flax, Tow And Waste

Exports in Latin America and the Caribbean

Flax, tow and waste exports shrank to X tons in 2021, waning by -X% on 2020 figures. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flax, tow and waste exports reached $X in 2021. In general, exports continue to indicate a precipitous curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near X% of total exports in 2021. It was distantly followed by Mexico (X kg), generating a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to flax, tow and waste exports from Brazil stood at -X%. At the same time, Mexico (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. percentage points. Brazil (-X p.p.) saw their shares reduced.

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

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-X%).

Imports of Flax, Tow And Waste

Imports in Latin America and the Caribbean

In 2021, purchases abroad of flax, tow and waste was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a abrupt slump. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, tow and waste imports surged to $X in 2021. In general, imports, however, showed a noticeable curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Chile represented the major importer of flax, tow and waste in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was near X% of total imports in 2021. Bolivia (X tons) ranks second in terms of the total imports with an X% share, followed by Argentina (X%), Colombia (X%) and Mexico (less than X%). The Dominican Republic (X tons) followed a long way behind the leaders.

Imports into Chile decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Argentina (+X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Mexico (-X%), Colombia (-X%), Bolivia (-X%) and the Dominican Republic (-X%) illustrated a downward trend over the same period. Chile (+X p.p.) and Argentina (+X p.p.) significantly strengthened its position in terms of the total imports, while Colombia, the Dominican Republic and Bolivia saw its share reduced by less than X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported flax, tow and waste in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Bolivia, with an X% share.

In Chile, flax, tow and waste imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-X% per year) and Bolivia (-X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flax, tow and waste import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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