Latin America and the Caribbean: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Latin America and the Caribbean

In 2022, the Latin American silk shawl and scarf market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Silk Shawls And Scarves in Latin America and the Caribbean

In value terms, silk shawl and scarf production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in overseas shipments of silk shawls and scarves, when their volume increased by X% to X units. Over the period under review, exports, however, showed a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silk shawl and scarf exports surged to $X in 2022. In general, exports, however, showed a drastic downturn. 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 was the major exporter of silk shawls and scarves in Latin America and the Caribbean, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X units) and Panama (X units), together making up a X% share of total exports. Chile (X units), Peru (X units), the Dominican Republic (X units), Colombia (X units) and Saint Maarten (Dutch part) (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saint Maarten (Dutch part) (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest silk shawl and scarf supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), with a combined X% share of total exports. Panama, Peru, Saint Maarten (Dutch part), the Dominican Republic and Colombia 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 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, surging by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual 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 Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

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

Imports of Silk Shawls And Scarves

Imports in Latin America and the Caribbean

In 2022, purchases abroad of silk shawls and scarves was finally on the rise to reach X units after three years of decline. In general, imports, however, saw a deep slump. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a perceptible slump. 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 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Chile was the major importing country with an import of around X units, which accounted for X% of total imports. Brazil (X units) ranks second in terms of the total imports with an X% share, followed by Mexico (X%), Haiti (X%), Peru (X%) and Panama (X%). Bahamas (X units) took a relatively small share of total imports.

Imports into Chile decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahamas (X%) displayed positive paces of growth. Moreover, Bahamas emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru and Haiti experienced a relatively flat trend pattern. By contrast, Panama (X%), Brazil (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Haiti (X p.p.), Peru (X p.p.) and Bahamas (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Panama, Peru, Bahamas and Haiti lagged somewhat behind, together accounting for a further X%.

Bahamas, 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 more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Brazil ($X per unit), while Haiti ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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