MERCOSUR: Cotton Bag Market 2024

Cotton Bag Market Size in MERCOSUR

The MERCOSUR cotton bag market stood at $X in 2023, approximately mirroring the previous year. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Cotton Bag Production in MERCOSUR

In value terms, cotton bag production dropped to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Cotton Bag Exports

Exports in MERCOSUR

In 2023, after two years of decline, there was significant growth in overseas shipments of sacks and bags of cotton, when their volume increased by X% to X tons. In general, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, cotton bag exports skyrocketed to $X in 2023. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Argentina represented the largest exporting country with an export of about X tons, which recorded X% of total exports. Peru (X tons) held the second position in the ranking, distantly followed by Colombia (X tons). All these countries together held approx. X% share of total exports. Brazil (X tons), Chile (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina 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, Argentina ($X), Colombia ($X) and Peru ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Peru, with a CAGR of X%, recorded 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 MERCOSUR stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Cotton Bag Imports

Imports in MERCOSUR

After three years of decline, purchases abroad of sacks and bags of cotton increased by X% to X tons in 2023. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton bag imports totaled $X in 2023. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Chile was the key importer of sacks and bags of cotton in MERCOSUR, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Uruguay (X tons), Brazil (X tons) and Paraguay (X tons), together comprising a X% share of total imports. Colombia (X tons), Peru (X tons) and Suriname (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cotton bag imports into Chile stood at X%. At the same time, Paraguay (X%), Uruguay (X%), Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Suriname (X%) and Peru (X%) illustrated a downward trend over the same period. Chile (X p.p.), Uruguay (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while Suriname, Peru and Brazil saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton bag importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Uruguay ($X), together accounting for X% of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 MERCOSUR stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform