Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil (CIF) - 2024
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil (FOB) - 2024
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil (CIF) - 2024

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $1.7 per square meter in May 2024, reducing by -3% against the previous month. Over the period under review, the import price continues to indicate a slight decrease. The growth pace was the most rapid in November 2023 when the average import price increased by 14% against the previous month. Over the period under review, average import prices attained the peak figure at $2.1 per square meter in June 2023; however, from July 2023 to May 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was China ($2.3 per square meter), while the price for India ($1.6 per square meter) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Paraguay (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil (FOB) - 2024

In May 2024, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.8 per square meter, reducing by -18.9% against the previous month. In general, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 34% against the previous month. As a result, the export price attained the peak level of $4.2 per square meter. From October 2023 to May 2024, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In May 2024, the country with the highest price was Peru ($3.4 per square meter), while the average price for exports to Argentina stood at $2.6 per square meter.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil

In 2022, imports of fabrics, woven; from strip or the like, of synthetic textile materialses into Brazil contracted significantly to 114M square meters, with a decrease of -37.7% compared with 2021 figures. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 199%. As a result, imports reached the peak of 182M square meters, and then fell sharply in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped rapidly to $35M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 280% against the previous year. As a result, imports reached the peak of $55M, and then dropped dramatically in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Brazil in 2022:

1. India (63.3M square meters)
2. Paraguay (31.0M square meters)
3. China (12.1M square meters)
4. Ecuador (2.0M square meters)
5. Germany (1.9M square meters)
6. Bolivia (1.9M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Brazil

In 2022, approx. 19M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were exported from Brazil; rising by 3.3% on the previous year. In general, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 6.7%. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure at 21M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses reached $8M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Brazil in 2022:

1. Argentina (10.1M square meters)
2. Bolivia (3.9M square meters)
3. Chile (1.6M square meters)
4. Paraguay (1.4M square meters)
5. Uruguay (0.6M square meters)
6. Colombia (0.5M square meters)
7. Peru (0.4M square meters)

Source: IndexBox Market Intelligence Platform