Latin America and the Caribbean: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Latin America and the Caribbean

The Latin American market for polyester tow and staple, not carded, combed or otherwise processed for spinning shrank to $X in 2022, which is down by -1.7% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.6% against 2020 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Latin America and the Caribbean

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports in Latin America and the Caribbean

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning exported in Latin America and the Caribbean contracted to X tons, dropping by -10.8% against 2021. Over the period under review, exports showed a slight reduction. The growth pace was the most rapid in 2014 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022. In general, exports recorded a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of 41% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the six major exporters of polyester tow and staple, not carded, combed or otherwise processed for spinning, namely Argentina, Mexico, Colombia, Honduras, Brazil and El Salvador, represented more than two-thirds of total export. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by El Salvador (with a CAGR of +63.1%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and Argentina ($X) constituted the countries with the highest levels of exports in 2022, together comprising 56% of total exports. Honduras, Brazil, El Salvador and Peru lagged somewhat behind, together comprising a further 38%.

In terms of the main exporting countries, El Salvador, with a CAGR of +61.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2013 an increase of 46%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports in Latin America and the Caribbean

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined to X tons in 2022, with a decrease of -9.7% compared with the previous year's figure. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning rose to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Mexico (X tons), Peru (X tons), Argentina (X tons), Colombia (X tons) and Guatemala (X tons) represented the major importers of polyester tow and staple, not carded, combed or otherwise processed for spinning, together committing 81% of total imports. El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising 65% of total imports.

Brazil, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 16% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 21%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 El Salvador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :