Latin America and the Caribbean: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in Latin America and the Caribbean

The Latin American artificial staple fibre market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Artificial Staple Fibre Production in Latin America and the Caribbean

In value terms, artificial staple fibre production soared to $X in 2022 estimated in export price. In general, production enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Artificial Staple Fibre Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of artificial staple fibres were exported in Latin America and the Caribbean; shrinking by X% compared with the year before. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial staple fibre exports dropped to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Honduras (X tons) was the key exporter of artificial staple fibres in Latin America and the Caribbean, creating X% of total export.

Honduras was also the fastest-growing in terms of the artificial staple fibres exports, with a CAGR of X% from 2012 to 2022. Honduras (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Honduras ($X) also remains the largest artificial staple fibre supplier in Latin America and the Caribbean.

In Honduras, artificial staple fibre exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial staple fibre export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to X% per year.

Artificial Staple Fibre Imports

Imports in Latin America and the Caribbean

In 2022, artificial staple fibre imports in Latin America and the Caribbean shrank significantly to X tons, which is down by X% against 2021 figures. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, artificial staple fibre imports fell sharply to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Honduras (X tons) was the major importer of artificial staple fibres, comprising X% of total imports. Guatemala (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%) and Cuba (X%). Peru (X tons), Venezuela (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Imports into Honduras decreased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Cuba (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%), Ecuador (X%) and Venezuela (X%) illustrated a downward trend over the same period. Guatemala (X p.p.), Brazil (X p.p.) and Cuba (X p.p.) significantly strengthened its position in terms of the total imports, while Honduras, Ecuador and Venezuela saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Honduras ($X) constitutes the largest market for imported artificial staple fibres in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Guatemala, with an X% share.

In Honduras, artificial staple fibre imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guatemala (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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