Latin America and the Caribbean: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Latin America and the Caribbean

The Latin American cotton embroidery market expanded to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Cotton Embroidery Production in Latin America and the Caribbean

In value terms, cotton embroidery production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cotton Embroidery Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of cotton embroidery in the piece increased by X% to X tons, rising for the second year in a row after six years of decline. In general, exports posted a notable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton embroidery exports fell sharply to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, Peru (X tons) represented the major exporter of cotton embroidery in the piece, creating X% of total exports. Mexico (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together took near X% share of total exports. Colombia (X kg) took a little share of total exports.

Exports from Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. Peru (X p.p.), Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Peru ($X) emerged as the largest cotton embroidery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

In Peru, cotton embroidery exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Cotton Embroidery Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of cotton embroidery in the piece were imported in Latin America and the Caribbean; growing by X% on the previous year. Overall, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 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 surged to $X in 2022. Over the period under review, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importer of cotton embroidery in the piece in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Colombia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%) and Peru (X%). Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton embroidery imports into Brazil stood at X%. At the same time, Colombia (X%) and Peru (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported cotton embroidery in the piece in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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