Brazil: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Brazil

After three years of growth, the Brazilian cotton embroidery market decreased by X% to $X in 2022. In general, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Cotton Embroidery Production in Brazil

In value terms, cotton embroidery production expanded remarkably to $X in 2022 estimated in export price. Overall, production posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Cotton embroidery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cotton Embroidery Exports

Exports from Brazil

In 2022, approx. X tons of cotton embroidery in the piece were exported from Brazil; shrinking by X% against the year before. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cotton embroidery exports shrank rapidly to $X in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Paraguay (X kg), the United States (X kg) and Switzerland (X kg) were the main destinations of cotton embroidery exports from Brazil, together accounting for X% of total exports. Uruguay and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Paraguay ($X) and the United States ($X) were the largest markets for cotton embroidery exported from Brazil worldwide, together comprising X% of total exports. Uruguay and Portugal lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average cotton embroidery export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X,243 per ton, and then declined markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into Brazil

In 2022, approx. X tons of cotton embroidery in the piece were imported into Brazil; picking up by X% against 2021. Overall, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton embroidery imports rose sharply to $X in 2022. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main cotton embroidery supplier to Brazil, accounting for a X% share of total imports. Moreover, cotton embroidery imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of cotton embroidery in the piece to Brazil, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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