Brazil: Men Knitwear Market 2024

Men Knitwear Market Size in Brazil

The Brazilian men knitwear market expanded remarkably to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Men Knitwear Production in Brazil

In value terms, men knitwear production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Men Knitwear Exports

Exports from Brazil

In 2022, men knitwear exports from Brazil amounted to X units, surging by X% compared with 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, men knitwear exports soared to $X in 2022. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Paraguay (X units), Uruguay (X units) and Ecuador (X units) were the main destinations of men knitwear exports from Brazil, with a combined X% share of total exports. Panama, Chile, Bolivia, Costa Rica, Colombia, Argentina and Angola lagged somewhat behind, together comprising a further X%.

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

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) appeared to be the largest markets for men knitwear exported from Brazil worldwide, with a combined X% share of total exports. Bolivia, Ecuador, Argentina, Panama, Costa Rica, Colombia and Angola lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 men knitwear export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

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

Men Knitwear Imports

Imports into Brazil

In 2022, overseas purchases of men's or boys' clothing (knitted or crocheted) increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, men knitwear imports skyrocketed to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of men knitwear to Brazil, accounting for a X% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), more than tenfold. The third position in this ranking was held by Cambodia (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Brazil, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Paraguay ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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