Latin America and the Caribbean: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Latin America and the Caribbean

The Latin American hand-woven tapestry market totaled $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a perceptible downturn. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hand-Woven Tapestry Production in Latin America and the Caribbean

In value terms, hand-woven tapestry production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hand-Woven Tapestry Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports reached the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand-woven tapestry exports soared to $X in 2022. Overall, exports recorded notable growth. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the major exporter of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in Latin America and the Caribbean, with the volume of exports finishing at X square meters, which was near X% of total exports in 2022. Peru (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ecuador (X%). Nicaragua (X square meters) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-woven tapestry exports from Brazil stood at X%. At the same time, Nicaragua (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil, Peru, Nicaragua and Ecuador increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest hand-woven tapestry supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, rising by X% against the previous year. In general, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per square meter), while Nicaragua ($X per square meter) was amongst the lowest.

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

Hand-Woven Tapestry Imports

Imports in Latin America and the Caribbean

Hand-woven tapestry imports shrank dramatically to X square meters in 2022, which is down by X% on the previous year. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hand-woven tapestry imports contracted dramatically to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bolivia (X square meters) and Guatemala (X square meters) represented the largest importers of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by Paraguay (X square meters), creating an X% share of total imports. Brazil (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Guatemala ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports. It was followed by Bolivia, with an X% share.

In Guatemala, hand-woven tapestry imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Bolivia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2022, approximately reflecting the previous year. Import price indicated perceptible growth from 2012 to 2022: its price 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, hand-woven tapestry import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per square meter), while Bolivia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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