MERCOSUR: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in MERCOSUR

The MERCOSUR artificial staple fibre market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Artificial Staple Fibre Production in MERCOSUR

In value terms, artificial staple fibre production surged to $X in 2022 estimated in export price. The total production indicated a modest 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Artificial Staple Fibre Exports

Exports in MERCOSUR

In 2019, overseas shipments of artificial staple fibres decreased by X% to X kg, falling for the second consecutive year after two years of decline. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, artificial staple fibre exports declined markedly to $X in 2019. Over the period under review, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) represented roughly X% of total exports in 2019.

Colombia was also the fastest-growing in terms of the artificial staple fibres exports, with a CAGR of X% from 2012 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

From 2012 to 2019, the average annual growth rate of value in Colombia amounted to X%.

Export Prices by Country

In 2019, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2019, the rate of growth in terms of prices for Colombia amounted to X% per year.

Artificial Staple Fibre Imports

Imports in MERCOSUR

Artificial staple fibre imports contracted remarkably to X tons in 2022, reducing by X% compared with 2021. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, artificial staple fibre imports dropped rapidly to $X in 2022. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 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

Brazil represented the main importing country with an import of around X tons, which resulted at X% of total imports. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Venezuela (X%) and Ecuador (X%).

Brazil was also the fastest-growing in terms of the artificial staple fibres imports, with a CAGR of X% from 2012 to 2022. Peru (X%), Ecuador (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil 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, the largest artificial staple fibre importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Ecuador ($X), together comprising X% of total imports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with a decrease of X% against the previous year. Import price indicated a buoyant expansion 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. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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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