MERCOSUR: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in MERCOSUR

The MERCOSUR narrow woven fabric market expanded modestly to $X in 2021, with an increase of 3.8% against the previous year. Overall, consumption, however, recorded a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Production in MERCOSUR

In value terms, narrow woven fabric production fell slightly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3.5% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Narrow Woven Fabric Exports

Exports in MERCOSUR

In 2021, after six years of decline, there was growth in overseas shipments of narrow woven fabrics, when their volume increased by 2.5% to X tons. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 4.8%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, narrow woven fabric exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporting country with an export of around X tons, which finished at 69% of total exports. Paraguay (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (4.7%). Peru (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to narrow woven fabric exports from Brazil stood at -8.2%. At the same time, Paraguay (+76.9%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +76.9% from 2012-2021. By contrast, Colombia (-7.1%) and Peru (-14.2%) illustrated a downward trend over the same period. While the share of Paraguay (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Peru (-2.6 p.p.) and Brazil (-17.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest narrow woven fabric supplier in MERCOSUR, comprising 65% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports. It was followed by Paraguay, with an 8.9% share.

In Brazil, narrow woven fabric exports plunged by an average annual rate of -6.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-6.2% per year) and Paraguay (+65.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+3.4%), while the other leaders experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports in MERCOSUR

Narrow woven fabric imports skyrocketed to X tons in 2021, picking up by 48% compared with 2020. The total import volume increased at an average annual rate of +5.1% 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, narrow woven fabric imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period 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.

Imports by Country

In 2021, Brazil (X tons) represented the key importer of narrow woven fabrics, committing 39% of total imports. It was distantly followed by Colombia (X tons), Chile (X tons), Peru (X tons), Argentina (X tons) and Ecuador (X tons), together generating a 54% share of total imports. Paraguay (X tons) held a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Peru (+10.6%), Paraguay (+7.4%), Ecuador (+7.2%), Chile (+6.4%) and Colombia (+4.8%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.6% from 2012-2021. Argentina experienced a relatively flat trend pattern. While the share of Peru (+4.7 p.p.) and Brazil (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported narrow woven fabrics in MERCOSUR, comprising 37% of total imports. The second position in the ranking was held by Colombia ($X), with a 15% share of total imports. It was followed by Peru, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +1.4%. In the other countries, the average annual rates were as follows: Colombia (+1.9% per year) and Peru (+6.3% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform