MERCOSUR: Cotton Fabric Market 2024

Cotton Fabric Market Size in MERCOSUR

In 2023, the MERCOSUR cotton fabric market increased by X% to $X, rising for the third year in a row after eight years of decline. In general, consumption, however, showed a noticeable descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Cotton Fabric Production in MERCOSUR

In value terms, cotton fabric production declined to $X in 2023 estimated in export price. Over the period under review, production saw a deep setback. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports in MERCOSUR

In 2023, approx. X square meters of woven fabrics of cotton were exported in MERCOSUR; falling by X% compared with 2022 figures. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton fabric exports reduced rapidly to $X in 2023. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X square meters, which reached X% of total exports. It was distantly followed by Ecuador (X square meters), Colombia (X square meters), Peru (X square meters) and Venezuela (X square meters), together generating a X% share of total exports. Chile (X square meters) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Venezuela (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Chile (X%), Ecuador (X%), Colombia (X%) and Peru (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Venezuela (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ecuador (X p.p.), Peru (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest cotton fabric supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, showed a slight setback. The growth pace was the most rapid in 2022 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per square meter), while Venezuela ($X per square meter) was amongst the lowest.

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

Cotton Fabric Imports

Imports in MERCOSUR

In 2023, supplies from abroad of woven fabrics of cotton increased by X% to X square meters, rising for the third year in a row after two years of decline. Total imports indicated modest growth from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, cotton fabric imports reached $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Colombia (X square meters) was the major importer of woven fabrics of cotton, constituting X% of total imports. Chile (X square meters) ranks second in terms of the total imports with a X% share, followed by Brazil (X%), Peru (X%), Ecuador (X%), Argentina (X%), Paraguay (X%) and Venezuela (X%).

Imports into Colombia increased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%), Paraguay (X%), Peru (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%), Venezuela (X%) and Brazil (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Chile (X p.p.), Paraguay (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina, Venezuela 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, Colombia ($X) constitutes the largest market for imported woven fabrics of cotton in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Colombia amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per square meter in 2023, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, 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 Argentina ($X per square meter), while Chile ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform