Latin America and the Caribbean: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

In 2022, the Latin American knitted shawl and scarf market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a slight expansion. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

In value terms, knitted shawl and scarf production reduced to $X in 2022 estimated in export price. In general, production, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 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.

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Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Latin America and the Caribbean

In 2022, knitted shawl and scarf exports in Latin America and the Caribbean skyrocketed to X units, growing by X% on the previous year. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, knitted shawl and scarf exports rose sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico represented the largest exporter of shawls, scarves and the like of knitted or crocheted textiles in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Peru (X units), Ecuador (X units) and El Salvador (X units), together comprising a X% share of total exports. The following exporters - Honduras (X units), the Dominican Republic (X units) and Guatemala (X units) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf exports from Mexico stood at X%. At the same time, Honduras (X%), El Salvador (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Honduras 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%), Peru (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Ecuador (X p.p.), El Salvador (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guatemala (X p.p.), the Dominican Republic (X p.p.) and Peru (X p.p.) displayed negative dynamics.

In value terms, Peru ($X), Mexico ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. El Salvador, Guatemala, Honduras and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Honduras, 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

The export price in Latin America and the Caribbean stood at $X per unit in 2022, reducing by X% against the previous year. Export price indicated a measured expansion 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, knitted shawl and scarf export price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank modestly in the following year.

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

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

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Latin America and the Caribbean

In 2022, overseas purchases of shawls, scarves and the like of knitted or crocheted textiles were finally on the rise to reach X units after three years of decline. Overall, imports, however, recorded a noticeable reduction. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knitted shawl and scarf imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units) was the largest importer of shawls, scarves and the like of knitted or crocheted textiles, mixing up X% of total imports. Brazil (X units) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), Peru (X%) and Colombia (X%). The following importers - Argentina (X units) and Uruguay (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf imports into Chile stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Argentina (X%), Uruguay (X%), Mexico (X%) and Colombia (X%) illustrated a downward trend over the same period. Chile (X p.p.), Brazil (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Uruguay, Colombia and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest knitted shawl and scarf importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), together comprising X% of total imports. Peru, Argentina, Colombia and Uruguay lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Mexico ($X per unit), while Chile ($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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