Latin America and the Caribbean: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Latin America and the Caribbean

The Latin American market for machines for preparing, weaving and knitting textiles soared to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a temperate increase. Over the period under review, the market attained the peak level at $X in 2013; afterwards, it flattened through to 2023.

Production of Machines For Preparing, Weaving And Knitting Textiles in Latin America and the Caribbean

In value terms, textile weaving and knitting machinery production shrank to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Latin America and the Caribbean

In 2023, approx. X units of machines for preparing, weaving and knitting textiles were exported in Latin America and the Caribbean; jumping by X% compared with the year before. Over the period under review, exports, however, showed a precipitous shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports contracted sharply to $X in 2023. Overall, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the Dominican Republic (X units) was the major exporter of machines for preparing, weaving and knitting textiles, generating X% of total exports. Brazil (X units) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), Peru (X%), Argentina (X%) and Honduras (X%). Bolivia (X units) followed a long way behind the leaders.

The Dominican Republic was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of X% from 2012 to 2023. At the same time, Bolivia (X%), Argentina (X%) and Peru (X%) displayed positive paces of growth. By contrast, Honduras (X%), Brazil (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Dominican Republic, Peru, Argentina, Honduras and Bolivia increased by X, X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest textile weaving and knitting machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Latin America and the Caribbean

Textile weaving and knitting machinery imports surged to X units in 2023, rising by X% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports declined to $X in 2023. Overall, imports, however, showed a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Brazil (X units), Peru (X units) and the Dominican Republic (X units) represented the main importer of machines for preparing, weaving and knitting textiles in Latin America and the Caribbean, comprising X% of total import. Chile (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). Colombia (X units) and Bolivia (X units) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile weaving and knitting machinery importing markets in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Peru ($X), together comprising X% of total imports. Colombia, Bolivia, the Dominican Republic and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a mild contraction. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, 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