Latin America and the Caribbean: Cotton Yarn Market 2024

Cotton Yarn Market Size in Latin America and the Caribbean

The Latin American cotton yarn market fell slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a slight setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cotton Yarn Production in Latin America and the Caribbean

In value terms, cotton yarn production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cotton Yarn Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of cotton yarn increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated pronounced growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cotton yarn exports surged to $X in 2022. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

El Salvador represented the largest exporter of cotton yarn in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Guatemala (X tons), Mexico (X tons), Nicaragua (X tons), Costa Rica (X tons) and Brazil (X tons), together generating a X% share of total exports. Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn supplying countries in Latin America and the Caribbean were El Salvador ($X), Mexico ($X) and Guatemala ($X), with a combined X% share of total exports. Nicaragua, Costa Rica, Brazil and Honduras lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Nicaragua, 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 more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Cotton Yarn Imports

Imports in Latin America and the Caribbean

In 2022, cotton yarn imports in Latin America and the Caribbean reduced to X tons, falling by X% compared with 2021 figures. Overall, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, cotton yarn imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Honduras represented the largest importing country with an import of about X tons, which amounted to X% of total imports. The Dominican Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Guatemala (X%), Peru (X%), Colombia (X%) and El Salvador (X%). Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn importing markets in Latin America and the Caribbean were Honduras ($X), the Dominican Republic ($X) and Guatemala ($X), together accounting for X% of total imports. Peru, Colombia, El Salvador and Argentina lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Argentina, with a CAGR of X%, recorded 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 Peru ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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