Peru: Man-Made Filament Yarn Market 2025

Man-Made Filament Yarn Market Size in Peru

The Peruvian man-made filament yarn market contracted to $X in 2021, with a decrease of -9.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a dramatic decrease. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Man-Made Filament Yarn Exports

Exports from Peru

In 2021, overseas shipments of man-made filament yarn decreased by -16.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, man-made filament yarn exports reduced rapidly to $X in 2021. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 79%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for man-made filament yarn exports from Peru, with a 74% share of total exports. Moreover, man-made filament yarn exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), sixfold. The third position in this ranking was taken by Guatemala (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+18.6% per year) and Guatemala (+7.1% per year).

In value terms, Chile ($X) remains the key foreign market for man-made filament yarn exports from Peru, comprising 61% of total exports. The second position in the ranking was held by Bolivia ($X), with an 8.9% share of total exports. It was followed by Panama, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+14.5% per year) and Panama (+99.2% per year).

Export Prices by Country

In 2021, the average man-made filament yarn export price amounted to $X per ton, waning by -10.6% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-3.4%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Yarn Imports

Imports into Peru

In 2021, imports of man-made filament yarn into Peru fell to X tons, reducing by -3.4% compared with the previous year's figure. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 97% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports fell notably to $X in 2021. Overall, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament yarn to Peru, accounting for a 46% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.2% per year) and Taiwan (Chinese) (+4.8% per year).

In value terms, the largest man-made filament yarn suppliers to Peru were Brazil ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 70% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +5.2%, 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 a decline.

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2021, shrinking by -13.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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