MERCOSUR: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in MERCOSUR

In 2021, shipments abroad of high-tenacity filament yarn of polyesters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 61%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil represented the key exporter of high-tenacity filament yarn of polyesters in MERCOSUR, with the volume of exports finishing at X tons, which was near 73% of total exports in 2021. Peru (X tons) ranks second in terms of the total exports with a 10% share, followed by Argentina (8.3%) and Colombia (7.4%).

Exports from Brazil increased at an average annual rate of +22.0% from 2012 to 2021. At the same time, Peru (+48.2%) and Colombia (+25.1%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +48.2% from 2012-2021. By contrast, Argentina (-33.4%) illustrated a downward trend over the same period. Brazil (+70 p.p.), Peru (+10 p.p.) and Colombia (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -85.3% from 2012 to 2021, respectively.

In value terms, Brazil ($X) emerged as the largest high-tenacity filament polyester yarn supplier in MERCOSUR, comprising 57% of total exports. The second position in the ranking was taken by Colombia ($X), with a 19% share of total exports. It was followed by Argentina, with a 12% share.

In Brazil, high-tenacity filament polyester yarn exports increased at an average annual rate of +6.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+31.5% per year) and Argentina (-31.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, dropping by -36.7% against the previous year. Over the period under review, the export price showed a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 42%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in MERCOSUR

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were imported in MERCOSUR; growing by 42% compared with the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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. Over the period under review, imports, however, continue to indicate a slight descent. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil dominates imports structure, reaching X tons, which was approx. 69% of total imports in 2021. It was distantly followed by Colombia (X tons), Argentina (X tons) and Peru (X tons), together creating a 26% share of total imports. The following importers - Chile (X tons) and Paraguay (X tons) - each amounted to a 4.5% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to high-tenacity filament polyester yarn imports into Brazil stood at +2.9%. At the same time, Paraguay (+43.3%), Colombia (+7.8%), Chile (+7.8%) and Peru (+2.7%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +43.3% from 2012-2021. By contrast, Argentina (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia and Paraguay increased by +3.5 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in MERCOSUR, comprising 71% of total imports. The second position in the ranking was taken by Colombia ($X), with a 9.7% share of total imports. It was followed by Argentina, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Colombia (+3.0% per year) and Argentina (-8.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Peru ($X per ton) and Argentina ($X per ton) were 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