MERCOSUR: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in MERCOSUR

In 2021, the MERCOSUR synthetic filament tow market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in MERCOSUR

In value terms, synthetic filament tow production reached $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports in MERCOSUR

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed increased by 34% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Peru (X tons), distantly followed by Argentina (X tons), Colombia (X tons) and Brazil (X tons) were the major exporters of synthetic filament tow and staple fibers, not carded or combed, together committing 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Argentina (with a CAGR of +42.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Peru ($X) emerged as the largest synthetic filament tow supplier in MERCOSUR, comprising 52% of total exports. The second position in the ranking was held by Brazil ($X), with an 18% share of total exports. It was followed by Argentina, with a 16% share.

In Peru, synthetic filament tow exports plunged by an average annual rate of -3.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-19.0% per year) and Argentina (+28.6% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 6.6% against the previous year. In general, the export price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2013 when the export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Peru ($X per ton), while Argentina ($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 (-0.1%), while the other leaders experienced a decline in the export price figures.

Synthetic Filament Tow Imports

Imports in MERCOSUR

After two years of decline, purchases abroad of synthetic filament tow and staple fibers, not carded or combed increased by 26% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic filament tow imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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) was the largest importer of synthetic filament tow and staple fibers, not carded or combed, achieving 55% of total imports. Peru (X tons) ranks second in terms of the total imports with a 13% share, followed by Colombia (9.8%), Argentina (9.5%) and Chile (7.3%). Ecuador (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the synthetic filament tow and staple fibers, not carded or combed imports, with a CAGR of +12.1% from 2012 to 2021. At the same time, Chile (+4.8%), Peru (+4.3%), Argentina (+3.9%) and Colombia (+2.6%) displayed positive paces of growth. By contrast, Ecuador (-6.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported synthetic filament tow and staple fibers, not carded or combed in MERCOSUR, comprising 58% of total imports. The second position in the ranking was held by Peru ($X), with a 10% share of total imports. It was followed by Colombia, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +8.6%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-1.7% per year) and Colombia (-1.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 21% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. 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 Ecuador ($X per ton) and Brazil ($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 Ecuador (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform