Updated Sep 14, 2022 05:32

Market for Pile And Chenille Fabric in Latin America and the Caribbean

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Latin American pile and chenille fabric market stood at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt decrease. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

In value terms, pile and chenille fabric production skyrocketed to $ in estimated in export price. In general, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2009; however, from 2010 to , production remained at a lower figure.

The countries with the highest volumes of production in were Mexico ( tons), Brazil ( tons) and Puerto Rico ( tons), together comprising % of total production.

From 2007 to , the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Mexico (with a CAGR of -%), while production for the other leaders experienced a decline in the production figures.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , pile and chenille fabric consumption in Latin America and the Caribbean declined modestly to tons, which is down by -% on the previous year. Overall, consumption continues to indicate a pronounced curtailment. As a result, consumption attained the peak volume of tons. From 2009 to , the growth of the consumption remained at a somewhat lower figure.

The value of the pile and chenille fabric market in Latin America and the Caribbean reduced slightly to $ in , almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable slump. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were Mexico ( tons), Brazil ( tons) and Colombia ( tons), together comprising % of total consumption.

From 2007 to , the biggest increases were recorded for Colombia (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($) led the market, alone. The second position in the ranking was taken by Brazil ($). It was followed by Colombia.

In Mexico, the pile and chenille fabric market decreased by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Brazil (-% per year) and Colombia (+% per year).

From 2007 to , the average annual rate of growth in terms of the pile and chenille fabric per capita consumption in No country was relatively modest.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for pile and chenille fabric in Latin America and the Caribbean, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .