Latin America and the Caribbean: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Latin America and the Caribbean

The Latin American high-tenacity filament nylon yarn market surged to $X in 2022, with an increase of 18% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Latin America and the Caribbean

In value terms, high-tenacity filament nylon yarn production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of high-tenacity filament yarn of nylon or other polyamides increased by 12% to X tons in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports expanded remarkably to $X in 2022. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) and Argentina (X tons) prevails in exports structure, together generating 90% of total exports. It was distantly followed by Brazil (X tons), mixing up a 6.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of +0.0%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest high-tenacity filament nylon yarn supplying countries in Latin America and the Caribbean were Colombia ($X), Argentina ($X) and Brazil ($X), with a combined 93% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +3.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -4.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 25%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports in Latin America and the Caribbean

In 2022, after three years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of nylon or other polyamides, when their volume increased by 7.9% to X tons. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 17%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Brazil represented the key importer of high-tenacity filament yarn of nylon or other polyamides in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. 53% of total imports in 2022. Peru (X tons) ranks second in terms of the total imports with an 18% share, followed by Mexico (17%). Chile (X tons) and Colombia (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the high-tenacity filament yarn of nylon or other polyamides imports, with a CAGR of +2.5% from 2012 to 2022. At the same time, Mexico (+1.1%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Colombia (-1.3%) and Chile (-10.9%) illustrated a downward trend over the same period. While the share of Brazil (+9.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported high-tenacity filament yarn of nylon or other polyamides in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Mexico ($X), with a 21% share of total imports. It was followed by Peru, with an 11% share.

In Brazil, high-tenacity filament nylon yarn imports expanded at an average annual rate of +3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+1.4% per year) and Peru (-2.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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