Latin America and the Caribbean: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Latin America and the Caribbean

In 2023, the Latin American man-made filament yarn market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Latin America and the Caribbean

In value terms, man-made filament yarn production stood at $X in 2023 estimated in export price. Overall, production, however, showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of man-made filament yarn decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports shrank significantly to $X in 2023. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Mexico (X tons) represented the main exporter of man-made filament yarn, committing X% of total exports. Colombia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%) and Guatemala (X%). Peru (X tons), El Salvador (X tons) and Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to man-made filament yarn exports from Mexico stood at X%. At the same time, Honduras (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%), Guatemala (X%), Peru (X%) and El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Colombia, Brazil, Honduras and Guatemala increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest man-made filament yarn supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, man-made filament yarn exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated a mild increase from 2012 to 2023: its price 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, man-made filament yarn export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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 Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Man-Made Filament Yarn Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of man-made filament yarn increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports rose sharply to $X in 2023. Overall, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Mexico (X tons), distantly followed by Brazil (X tons), Guatemala (X tons) and the Dominican Republic (X tons) were the major importers of man-made filament yarn, together mixing up X% of total imports. The following importers - Colombia (X tons), Peru (X tons), Ecuador (X tons), El Salvador (X tons) and Chile (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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, Mexico ($X), Brazil ($X) and the Dominican Republic ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform