Latin America and the Caribbean: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Latin America and the Caribbean

The Latin American market for nets of twine, cordage, rope or textile materials contracted to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Latin America and the Caribbean

In value terms, twine, cordage or textile net production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Latin America and the Caribbean

In 2022, the amount of nets of twine, cordage, rope or textile materials exported in Latin America and the Caribbean skyrocketed to X tons, jumping by X% on the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, twine, cordage or textile net exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Peru was the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Mexico (X tons) and Ecuador (X tons), together generating a X% share of total exports. The following exporters - Chile (X tons), Brazil (X tons) and Colombia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to twine, cordage or textile net exports from Peru stood at X%. At the same time, Ecuador (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Colombia (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador and Peru increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Mexico ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Ecuador, Chile and Colombia lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, reducing by X% against the previous year. Overall, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Latin America and the Caribbean

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were imported in Latin America and the Caribbean; picking up by X% compared with the previous year's figure. In general, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, twine, cordage or textile net imports skyrocketed to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Chile was the largest importer of nets of twine, cordage, rope or textile materials in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Ecuador (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), Peru (X%) and Mexico (X%). The following importers - Colombia (X tons) and Argentina (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to twine, cordage or textile net imports into Chile stood at X%. At the same time, Colombia (X%), Brazil (X%), Ecuador (X%), Argentina (X%) and Peru (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Mexico experienced a relatively flat trend pattern. Chile (X p.p.), Brazil (X p.p.), Ecuador (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Peru and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, 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 Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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