Latin America and the Caribbean: Knitted Fabric Market 2024

Knitted Fabric Market Size in Latin America and the Caribbean

In 2022, the Latin American knitted fabric market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Knitted Fabric Production in Latin America and the Caribbean

In value terms, knitted fabric production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Knitted Fabric Exports

Exports in Latin America and the Caribbean

In 2022, exports of knitted or crocheted fabrics in Latin America and the Caribbean reached X tons, with an increase of X% against the year before. Total exports 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. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, knitted fabric exports expanded remarkably to $X in 2022. Total exports 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Guatemala (X tons), distantly followed by El Salvador (X tons), Honduras (X tons), Peru (X tons), Brazil (X tons) and Colombia (X tons) represented the major exporters of knitted or crocheted fabrics, together comprising X% of total exports. Mexico (X tons) followed a long way behind the leaders.

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

In value terms, Guatemala ($X), El Salvador ($X) and Honduras ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a slight expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Knitted Fabric Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of knitted or crocheted fabrics increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared 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 immediate term.

In value terms, knitted fabric imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented the major importers of knitted or crocheted fabrics in 2022, reaching near X% and X% of total imports, respectively. Argentina (X tons) held the next position in the ranking, followed by Nicaragua (X tons), Guatemala (X tons), Colombia (X tons), Peru (X tons) and El Salvador (X tons). All these countries together took approx. X% share of total imports. Haiti (X tons), Chile (X tons), Paraguay (X tons), Ecuador (X tons) and Honduras (X tons) held a relatively small share of total imports.

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

In value terms, Mexico ($X), Nicaragua ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. El Salvador, Argentina, Colombia, Guatemala, Peru, Haiti, Honduras, Ecuador, Paraguay and Chile lagged somewhat behind, together comprising a further X%.

Haiti, with a CAGR of X%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a slight decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nicaragua ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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