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Brazil - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Synthetic Yarn Imports Plummet to $344M in 2023
Brazil Synthetic Yarn Imports
In 2023, approx. 176K tons of yarn of synthetic or artificial staple fibers were imported into Brazil; remaining relatively unchanged against 2022 figures. Overall, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports hit record highs at 200K tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.
In value terms, synthetic yarn imports contracted significantly to $344M (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. Imports peaked at $619M in 2013; however, from 2014 to 2023, imports remained at a lower figure.
COUNTRY | Import Value of Synthetic Yarn in Brazil (million USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 91.1 | 55.4 | 51.3 | 97.8 | 124 | 124 | 141 | 137 | 201 | 282 | 206 |
Indonesia | 279 | 263 | 217 | 172 | 175 | 188 | 161 | 88.4 | 130 | 85.3 | 60.1 |
India | 31.0 | 32.8 | 16.0 | 23.6 | 63.3 | 55.6 | 29.9 | 34.5 | 79.3 | 57.6 | 46.6 |
Vietnam | 35.2 | 60.2 | 40.6 | 38.6 | 33.0 | 32.3 | 38.3 | 28.8 | 29.6 | 23.6 | 13.8 |
Turkey | 81.9 | 56.6 | 19.5 | 29.0 | 20.1 | 16.2 | 8.6 | 5.6 | 14.1 | 8.3 | 9.3 |
Thailand | 36.2 | 28.4 | 33.2 | 28.4 | 22.7 | 9.5 | 4.4 | 0.9 | 1.3 | 0.2 | 1.1 |
Others | 64.5 | 43.4 | 24.1 | 21.0 | 20.6 | 13.4 | 12.2 | 5.3 | 12.5 | 11.8 | 7.5 |
Total | 619 | 540 | 402 | 411 | 459 | 439 | 395 | 300 | 468 | 468 | 344 |
Imports by Country
In 2023, China (113K tons) constituted the largest synthetic yarn supplier to Brazil, accounting for a 64% share of total imports. Moreover, synthetic yarn imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (30K tons), fourfold. The third position in this ranking was held by India (22K tons), with a 13% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.0% per year) and India (+8.0% per year).
In value terms, China ($206M) constituted the largest supplier of yarn of synthetic or artificial staple fibers to Brazil, comprising 60% of total imports. The second position in the ranking was held by Indonesia ($60M), with a 17% share of total imports. It was followed by India, with a 14% share.
From 2013 to 2023, the average annual growth rate of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-14.2% per year) and India (+4.2% per year).
Imports by Type
In 2023, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (124K tons) constituted the largest type of yarn of synthetic or artificial staple fibers supplied to Brazil, with a 70% share of total imports. Moreover, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale exceeded the figures recorded for the second-largest type, yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (52K tons), twofold.
From 2013 to 2023, the average annual growth rate of the volume of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale imports amounted to +1.8%. With regard to the other supplied products, the following average annual rates of growth were recorded: yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-6.0% per year) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+0.6% per year).
In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($229M) constituted the largest type of yarn of synthetic or artificial staple fibers supplied to Brazil, comprising 66% of total imports. The second position in the ranking was taken by yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($113M), with a 33% share of total imports.
Import Prices by Country
In 2023, the synthetic yarn price stood at $1,954 per ton (CIF, Brazil), reducing by -25.6% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. The import price peaked at $3,087 per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($5,227 per ton), while the price for Thailand ($1,632 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the synthetic yarn market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023