Latin America and the Caribbean: Festive Articles Market 2024

Festive Articles Market Size in Latin America and the Caribbean

The Latin American festive articles market soared to $X in 2022, rising by X% against the previous year. The total consumption indicated a prominent expansion 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Festive Articles Production in Latin America and the Caribbean

In value terms, festive articles production rose sharply to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked in 2022 and is likely to see steady growth in years to come.

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Festive Articles Exports

Exports in Latin America and the Caribbean

After three years of growth, overseas shipments of festive or carnival articles decreased by X% to X tons in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, festive articles exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Bahamas (X tons), creating an X% share of total exports. Ecuador (X tons), Guatemala (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to festive articles exports from Mexico stood at X%. At the same time, Bahamas (X%), the Dominican Republic (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Bahamas emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%) illustrated a downward trend over the same period. Bahamas (X p.p.), Ecuador (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest festive articles supplying countries in Latin America and the Caribbean were Mexico ($X), Bahamas ($X) and Guatemala ($X), together comprising X% of total exports.

Among the main exporting countries, Bahamas, with a CAGR of X%, saw 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price saw a resilient expansion. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Festive Articles Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of festive or carnival articles increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, festive articles imports totaled $X in 2022. Total imports indicated a buoyant expansion 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. 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 reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X tons), Chile (X tons), Peru (X tons), Brazil (X tons), Ecuador (X tons), Argentina (X tons) and Colombia (X tons) represented the largest importer of festive or carnival articles in Latin America and the Caribbean, mixing up X% of total import. The following importers - Guatemala (X tons), Bolivia (X tons), Venezuela (X tons), the Dominican Republic (X tons), Costa Rica (X tons) and Paraguay (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest festive articles importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Peru ($X), together comprising X% of total imports.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a mild setback. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 the Dominican Republic ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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