Latin America and the Caribbean: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Latin America and the Caribbean

The Latin American high-tenacity filament polyester yarn market soared to $X in 2021, picking up by 25% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Latin America and the Caribbean

In value terms, high-tenacity filament polyester yarn production reduced to $X in 2021 estimated in export price. Overall, production saw a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Latin America and the Caribbean

In 2021, high-tenacity filament polyester yarn exports in Latin America and the Caribbean surged to X tons, rising by 49% on the year before. Over the period under review, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. In general, exports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 57%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico prevails in exports structure, reaching X tons, which was approx. 96% of total exports in 2021. Brazil (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Brazil (+22.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +22.0% from 2012-2021. Mexico (+4.6 p.p.) and Brazil (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest high-tenacity filament polyester yarn supplier in Latin America and the Caribbean, comprising 95% of total exports. The second position in the ranking was held by Brazil ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at -4.0%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Overall, the export price, however, recorded a mild reduction. The growth pace was the most rapid in 2017 when the export price increased by 8.6% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-1.1%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Latin America and the Caribbean

In 2021, the amount of high-tenacity filament yarn of polyesters imported in Latin America and the Caribbean soared to X tons, surging by 55% on 2020. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Mexico (X tons) prevails in imports structure, together generating 79% of total imports. It was distantly followed by Colombia (X tons), Argentina (X tons) and Peru (X tons), together generating a 17% share of total imports. Chile (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament polyester yarn importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), with a combined 87% share of total imports.

In terms of the main importing countries, Colombia, with a CAGR of +3.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 8.1% against the previous year. Overall, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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