MERCOSUR: Silk Fabric Market 2024

Silk Fabric Market Size in MERCOSUR

The MERCOSUR silk fabric market amounted to $X in 2021, with an increase of 5.9% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Silk Fabric Production in MERCOSUR

In value terms, silk fabric production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 42%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Silk Fabric Exports

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded decline in overseas shipments of woven fabrics of silk or of silk waste, which decreased by -35.8% to X square meters in 2021. Over the period under review, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 53% against the previous year. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silk fabric exports contracted remarkably to $X in 2021. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 75% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of woven fabrics of silk or of silk waste, namely Peru, Brazil, Chile and Colombia, represented more than two-thirds of total export. It was distantly followed by Uruguay (X square meters), creating a 5.4% share of total exports. Venezuela (X square meters) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +35.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest silk fabric supplying countries in MERCOSUR were Peru ($X), Brazil ($X) and Chile ($X), together accounting for 81% of total exports. These countries were followed by Colombia, Uruguay and Venezuela, which together accounted for a further 19%.

Venezuela, with a CAGR of +17.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per square meter, which is down by -3.7% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk fabric export price increased by +41.2% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 33%. Over the period under review, the export prices reached the maximum at $X per square meter in 2020, and then dropped in the following year.

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 Uruguay ($X per square meter), while Venezuela ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+12.7%), while the other leaders experienced more modest paces of growth.

Silk Fabric Imports

Imports in MERCOSUR

In 2021, after four years of decline, there was significant growth in overseas purchases of woven fabrics of silk or of silk waste, when their volume increased by 13% to X square meters. In general, imports, however, recorded a abrupt decrease. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports surged to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X square meters) and Brazil (X square meters) represented roughly 73% of total imports in 2021. It was distantly followed by Chile (X square meters) and Peru (X square meters), together mixing up a 21% share of total imports. Argentina (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of +10.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Colombia ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, together comprising 89% of total imports.

In terms of the main importing countries, Colombia, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per square meter, rising by 36% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per square meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per square meter), while Peru ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform