MERCOSUR: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in MERCOSUR

The MERCOSUR synthetic yarn market declined to $X in 2022, falling by X% against the previous year. Overall, consumption saw a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Synthetic Yarn Production in MERCOSUR

In value terms, synthetic yarn production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Synthetic Yarn Exports

Exports in MERCOSUR

In 2022, shipments abroad of yarn of synthetic or artificial staple fibers was finally on the rise to reach X tons after four years of decline. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic yarn exports shrank slightly to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Peru (X tons) and Brazil (X tons) were the key exporters of yarn of synthetic or artificial staple fibers in MERCOSUR, together mixing up X% of total exports. Ecuador (X tons) ranks next in terms of the total exports with an X% share, followed by Paraguay (X%), Uruguay (X%) and Argentina (X%). Chile (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uruguay (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest synthetic yarn supplying countries in MERCOSUR were Peru ($X), Brazil ($X) and Ecuador ($X), with a combined X% share of total exports. Argentina, Chile, Paraguay and Uruguay lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Uruguay, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the export price figures.

Synthetic Yarn Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of yarn of synthetic or artificial staple fibers, when their volume decreased by X% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, synthetic yarn imports shrank to $X in 2022. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of yarn of synthetic or artificial staple fibers, constituting X% of total imports. It was distantly followed by Colombia (X tons), Peru (X tons) and Argentina (X tons), together constituting a X% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of yarn of synthetic or artificial staple fibers. At the same time, Peru (X%), Colombia (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. Colombia (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, synthetic yarn imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform