Latin America and the Caribbean: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Latin America and the Caribbean

The Latin American market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Latin America and the Caribbean

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt setback. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports in Latin America and the Caribbean

In 2021, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Latin America and the Caribbean soared to X tons, increasing by 70% compared with the previous year. Overall, exports, however, saw a noticeable contraction. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports, however, recorded a noticeable setback. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the main exporting country with an export of about X tons, which accounted for 41% of total exports. Colombia (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (18%), Argentina (7.9%) and Paraguay (6%). Peru (X tons) and Panama (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Brazil stood at -3.7%. At the same time, Paraguay (+77.5%), Peru (+18.1%) and Panama (+15.9%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +77.5% from 2012-2021. Argentina and Mexico experienced a relatively flat trend pattern. By contrast, Colombia (-6.6%) illustrated a downward trend over the same period. While the share of Paraguay (+6 p.p.), Mexico (+3.4 p.p.), Peru (+2.6 p.p.), Argentina (+1.8 p.p.) and Panama (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-5.5 p.p.) and Colombia (-9.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Latin America and the Caribbean, comprising 42% of total exports. The second position in the ranking was held by Mexico ($X), with a 19% share of total exports. It was followed by Colombia, with a 16% share.

In Brazil, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning contracted by an average annual rate of -3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+5.1% per year) and Colombia (-9.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+13.0%), while the other leaders experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports in Latin America and the Caribbean

In 2021, after three years of decline, there was significant growth in purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 54% to X tons. In general, imports, however, showed a noticeable contraction. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented the major importers of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in 2021, resulting at near 30% and 27% of total imports, respectively. Haiti (X tons) held the next position in the ranking, followed by Peru (X tons) and Colombia (X tons). All these countries together held near 27% share of total imports. The following importers - Argentina (X tons) and Chile (X tons) - each resulted at a 6.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Haiti (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Haiti ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports.

Haiti, with a CAGR of +39.5%, 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 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, picking up by 5.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.4% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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