MERCOSUR: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in MERCOSUR

The MERCOSUR pile and chenille fabric market was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, continues to indicate a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in MERCOSUR

In value terms, pile and chenille fabric production rose modestly to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports in MERCOSUR

In 2021, approx. X tons of woven pile fabrics and chenille fabrics were exported in MERCOSUR; almost unchanged from 2020 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 17%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, recording X tons, which was approx. 93% of total exports in 2021. The following exporters - Peru (X tons) and Colombia (X tons) - together made up 5.6% of total exports.

Brazil was also the fastest-growing in terms of the woven pile fabrics and chenille fabrics exports, with a CAGR of +4.2% from 2012 to 2021. At the same time, Colombia (+2.2%) displayed positive paces of growth. By contrast, Peru (-5.0%) illustrated a downward trend over the same period. Brazil (+11 p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pile and chenille fabric supplier in MERCOSUR, comprising 65% of total exports. The second position in the ranking was taken by Peru ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+5.5% per year) and Colombia (+1.4% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+11.1%), while the other leaders experienced a decline in the export price figures.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports in MERCOSUR

In 2021, the amount of woven pile fabrics and chenille fabrics imported in MERCOSUR surged to X tons, increasing by 40% compared with the previous year's figure. In general, imports, however, showed a perceptible shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pile and chenille fabric imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons) and Colombia (X tons) represented roughly 50% of total imports in 2021. It was distantly followed by Chile (X tons), Brazil (X tons), Peru (X tons) and Ecuador (X tons), together comprising a 43% share of total imports. Uruguay (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pile and chenille fabric importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), together comprising 69% of total imports. Peru, Chile, Ecuador and Uruguay lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Ecuador, with a CAGR of +8.6%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, dropping by -4.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform