Chile: Cotton Fabric Market 2024

Cotton Fabric Market Size in Chile

For the fourth year in a row, the Chilean cotton fabric market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the near future.

Cotton Fabric Production in Chile

In value terms, cotton fabric production fell modestly to $X in 2023 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Cotton Fabric Exports

Exports from Chile

In 2023, overseas shipments of woven fabrics of cotton increased by X% to X square meters for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X square meters in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, cotton fabric exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X square meters) was the main destination for cotton fabric exports from Chile, accounting for a X% share of total exports. Moreover, cotton fabric exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X square meters), fourfold. The third position in this ranking was taken by Panama (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Panama (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for woven fabrics of cotton exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average cotton fabric export price amounted to $X per square meter, which is down by X% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Peru ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Chile

For the fourth year in a row, Chile recorded growth in supplies from abroad of woven fabrics of cotton, which increased by X% to X square meters in 2023. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, cotton fabric imports surged to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X square meters) constituted the largest cotton fabric supplier to Chile, accounting for a X% share of total imports. It was followed by India (X square meters), with a X% share of total imports. The third position in this ranking was taken by Pakistan (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of cotton to Chile, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average cotton fabric import price amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 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 the United States ($X per square meter), while the price for China ($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 the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform