Latin America and the Caribbean: Flax Fabric Market 2024

Flax Fabric Market Size in Latin America and the Caribbean

The Latin American flax fabric market stood at $X in 2023, standing approx. at the previous year. In general, consumption, however, continues to indicate a mild descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Flax Fabric Production in Latin America and the Caribbean

In value terms, flax fabric production stood at $X in 2023 estimated in export price. In general, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 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.

Flax Fabric Exports

Exports in Latin America and the Caribbean

In 2023, flax fabric exports in Latin America and the Caribbean shrank dramatically to X square meters, with a decrease of X% on the previous year's figure. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, flax fabric exports dropped to $X in 2023. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X square meters) was the main exporter of woven fabrics of flax, generating X% of total exports. Chile (X square meters) ranks second in terms of the total exports with a X% share, followed by Colombia (X%). The following exporters - the Dominican Republic (X square meters), Panama (X square meters), Peru (X square meters) and Paraguay (X square meters) - together made up X% of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Paraguay (X%), the Dominican Republic (X%), Colombia (X%) and Peru (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Chile (X%) and Panama (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Chile (X p.p.), the Dominican Republic (X p.p.), Peru (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flax fabric supplying countries in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Colombia ($X), together comprising X% of total exports.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per square meter, growing by X% against the previous year. Export price indicated a moderate expansion 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, flax fabric export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

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 ($X per square meter), while Panama ($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 Panama (X%), while the other leaders experienced more modest paces of growth.

Flax Fabric Imports

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of woven fabrics of flax decreased by X% to X square meters in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, flax fabric imports contracted to $X in 2023. Over the period under review, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Brazil was the key importer of woven fabrics of flax in Latin America and the Caribbean, with the volume of imports amounting to X square meters, which was near X% of total imports in 2023. It was distantly followed by Argentina (X square meters) and Colombia (X square meters), together constituting a X% share of total imports. Mexico (X square meters) and Chile (X square meters) held a relatively small share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of woven fabrics of flax. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Chile experienced a relatively flat trend pattern. By contrast, Colombia (X%) and Mexico (X%) illustrated a downward trend over the same period. Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Colombia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported woven fabrics of flax in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, flax fabric imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per square meter in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per square meter), while Brazil ($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 Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform