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Statistics: Fibre Consumption in South America, 2007 edition
Textiles Intelligence, Aug 2007, Pages: 11
Fibre consumption in South America grew by a marginal 0.7% in 2006 to 2.54 mn tons following a 2.6% decline in 2005. As a result, usage in 2006 was lower than in 2004. Consumption has fluctuated in recent years for a number of reasons. Usage reached a peak of 2.40 mn tons in 2000 before falling to 2.20 mn tons in 2002.
One major contributor to the decline between 2000 and 2002 was Chinese accession to the World Trade Organisation (WTO) in 2001, which led to a surge in shipments of textiles and clothing to the US market. Another factor was the Argentinian financial crisis in 2002. However, usage recovered by a dramatic 8.5% per annum during 2003-04. The rise was due almost entirely to strong growth in Argentina—helped by a recovery of the Argentinian peso—and in Brazil.
Indeed, consumption in 2004 reached a new peak of 2.59 mn tons. A 2.6% drop was then witnessed in 2005 as South American companies struggled against a weaker US dollar which made their exports more expensive in the US market together with intense competition from low cost producers in Asia following the elimination of quotas at the end of 2004. Despite these challenges, factories managed to increase mill consumption in 2006, albeit by only 0.7% or 17,800 tons.
Brazil continued to dominate the industry in 2006, having accounted for 63% of total fibre consumption in the region during the year. However, at 1.60 mn tons, usage was down on each of the previous two years. Consumption in Argentina and Peru continued to increase while Chile and Colombia posted less favourable results.
Cotton represented as much as 51%, or 1.28 mn tons, of all fibres consumed in South America in 2006. Synthetic filament yarn accounted for 33%, synthetic staple fibre for 13%, cellulosic staple fibre for 2% and wool for 1%. Usage of cellulosic filament yarn was negligible.
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