Latin America and the Caribbean: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Latin America and the Caribbean

In 2022, the Latin American non-knitted men apparel market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Knitted Men Apparel Production in Latin America and the Caribbean

In value terms, non-knitted men apparel production fell modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Non-Knitted Men Apparel Exports

Exports in Latin America and the Caribbean

Non-knitted men apparel exports expanded notably to X units in 2022, with an increase of X% against 2021 figures. Over the period under review, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-knitted men apparel exports soared to $X in 2022. In general, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Honduras (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Nicaragua (X%) and Haiti (X%). The following exporters - Colombia (X units) and the Dominican Republic (X units) - each amounted to a X% share of total exports.

Mexico was also the fastest-growing in terms of the men's or boys' clothing (not knitted or crocheted) exports, with a CAGR of X% from 2012 to 2022. Nicaragua (X%), Honduras (X%), Haiti (X%), the Dominican Republic (X%) and Colombia (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-knitted men apparel supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Non-Knitted Men Apparel Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of men's or boys' clothing (not knitted or crocheted) increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-knitted men apparel imports skyrocketed to $X in 2022. In general, imports, however, recorded a pronounced setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X units) and Brazil (X units) represented roughly X% of total imports in 2022. Peru (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). Argentina (X units), Uruguay (X units), Mexico (X units), Venezuela (X units), Panama (X units), Ecuador (X units), Honduras (X units) and Costa Rica (X units) took 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 Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-knitted men apparel importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), together accounting for X% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Venezuela ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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