Latin America and the Caribbean: Textile Wick Market 2020

Textile Wick Market Size in Latin America and the Caribbean

The revenue of the textile wick market in Latin America and the Caribbean amounted to $X in 2017, falling by -X% against the previous year. The textile wick consumption continues to indicate a strong growth. The pace of growth was the most pronounced in 2008, when market value increased by X% against the previous year. Over the period under review, the textile wick market reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Textile Wick Production in Latin America and the Caribbean

In 2017, approx. X tons of textile wicks, conveyor belts or belting were produced in Latin America and the Caribbean; picking up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. The volume of textile wick production peaked in 2017, and is likely to see steady growth in the immediate term.

Textile Wick Exports in Latin America and the Caribbean

In 2017, approx. X tons of textile wicks, conveyor belts or belting were exported in Latin America and the Caribbean; rising by X% against the previous year. The textile wick exports continue to indicate a deep descent. The pace of growth appeared the most rapid in 2009, when it surged by X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, textile wick exports stood at $X in 2017. The textile wick exports continue to indicate a mild deduction. The level of exports peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Textile Wick Exports by Country in Latin America and the Caribbean

In 2017, Brazil (X tons) was the largest exporter for textile wicks, conveyor belts or belting, mixed up X% of total exports. It was distantly followed by Chile (X tons), Honduras (X tons) and Mexico (X tons), together making up X% share of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to textile wick exports from Brazil stood at +X%. At the same time, Chile (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Argentina experienced a relatively flat trend pattern. By contrast, Honduras (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Honduras increased by X% percentage points, while Mexico (-X%), Chile (-X%) and Brazil (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest textile wick markets worldwide were Brazil ($X), Mexico ($X) and Chile ($X), together accounting for X% of total exports.

Mexico (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced mixed trends in the exports figures.

Textile Wick Export Prices by Country in Latin America and the Caribbean

The textile wick export price in Latin America and the Caribbean stood at $X per ton in 2017, going down by -X% against the previous year. The export price indicated a pronounced increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the textile wick export price decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for textile wicks, conveyor belts or belting reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mexico ($X per kg), while Honduras ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Textile Wick Imports in Latin America and the Caribbean

In 2017, textile wick imports in Latin America and the Caribbean amounted to X tons, going up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, textile wick imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the textile wick imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Textile Wick Imports by Country in Latin America and the Caribbean

Brazil represented the main importer of textile wicks, conveyor belts or belting in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2017. Mexico (X tons) occupied the second position in the ranking, distantly followed by Argentina (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports. The following importers - the Dominican Republic (X tons), Venezuela (X tons), Peru (X tons), Jamaica (X tons), Costa Rica (X tons), Guatemala (X tons), Paraguay (X tons) and Colombia (X tons) together made up X% of total imports.

Brazil was also the fastest growing in terms of the textile wicks, conveyor belts or belting imports, with a CAGR of +X% from 2007 to 2017. At the same time, Jamaica (+X%), Paraguay (+X%), Colombia (+X%), Peru (+X%), Chile (+X%), the Dominican Republic (+X%), Guatemala (+X%) and Costa Rica (+X%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. By contrast, Argentina (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. While the share of Venezuela (X%) and Argentina (X%) increased significantly in terms of the global imports from 2007-2017, the share of Chile (-X%) and Brazil (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Argentina, Colombia, the Dominican Republic, Peru, Venezuela, Costa Rica, Paraguay, Guatemala and Jamaica, which together accounted for a further X%.

Jamaica (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Textile Wick Import Prices by Country in Latin America and the Caribbean

In 2017, the textile wick import price in Latin America and the Caribbean amounted to $X per kg, jumping by X% against the previous year. The textile wick import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. The level of import price peaked of $X per kg in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Colombia ($X per kg), while Jamaica ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform