MERCOSUR: Cotton Yarn Market 2024

Cotton Yarn Market Size in MERCOSUR

In 2022, after two years of growth, there was decline in the MERCOSUR cotton yarn market, when its value decreased by X% to $X. Over the period under review, consumption showed a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cotton Yarn Production in MERCOSUR

In value terms, cotton yarn production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cotton Yarn Exports

Exports in MERCOSUR

In 2022, approx. X tons of cotton yarn were exported in MERCOSUR; growing by X% against 2021 figures. Overall, exports, however, saw a pronounced decline. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cotton yarn exports soared to $X in 2022. In general, exports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the main exporting country with an export of around X tons, which amounted to X% of total exports. Peru (X tons) took the second position in the ranking, followed by Ecuador (X tons) and Argentina (X tons). All these countries together took approx. X% share of total exports. Colombia (X tons) took a little share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Peru 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, Brazil ($X) remains the largest cotton yarn supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

In Brazil, cotton yarn exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, flattening at the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Peru ($X per ton), while Colombia ($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 mixed trends in the export price figures.

Cotton Yarn Imports

Imports in MERCOSUR

In 2022, approx. X tons of cotton yarn were imported in MERCOSUR; reducing by X% against 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, cotton yarn imports rose significantly to $X in 2022. Total imports indicated a noticeable 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%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Peru (X tons) and Colombia (X tons) prevails in imports structure, together constituting X% of total imports. Argentina (X tons) held the next position in the ranking, followed by Brazil (X tons) and Chile (X tons). All these countries together took near X% share of total imports. The following importers - Paraguay (X tons) and Ecuador (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Chile, Paraguay and Ecuador lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 2022, surging by X% against the previous year. Import price indicated a measured increase 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. Based on 2022 figures, cotton yarn import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Peru ($X per ton) and Argentina ($X per ton), while Ecuador ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :