Latin America and the Caribbean: Bracelet Market 2023

Bracelet Market Size in Latin America and the Caribbean

The Latin American bracelet market dropped modestly to $X in 2021, which is down by -4.7% against the previous year. In general, consumption showed a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bracelet Production in Latin America and the Caribbean

In value terms, bracelet production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bracelet Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of watch straps, bands and bracelets decreased by -35% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a slight setback. The growth pace was the most rapid in 2013 with an increase of 167%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bracelet exports shrank remarkably to $X in 2021. Overall, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2013 when exports increased by 87% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Panama (X tons), distantly followed by Brazil (X kg), Argentina (X kg), Uruguay (X kg), Honduras (X kg), Mexico (X kg) and Peru (X kg) represented the largest exporters of watch straps, bands and bracelets, together generating 83% of total exports.

From 2012 to 2021, the biggest increases were in Honduras (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Mexico ($X) and Argentina ($X) were the countries with the highest levels of exports in 2021, with a combined 58% share of total exports. These countries were followed by Brazil, Peru, Honduras and Uruguay, which together accounted for a further 24%.

Honduras, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 ton in 2021, rising by 15% against the previous year. In general, the export price enjoyed notable growth. The growth pace was the most rapid in 2020 when the export price increased by 171% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+15.4%), while the other leaders experienced more modest paces of growth.

Bracelet Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of watch straps, bands and bracelets increased by 4.9% to X tons, rising for the seventh year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, bracelet imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons), distantly followed by Bolivia (X tons), Colombia (X tons) and Chile (X tons) were the largest importers of watch straps, bands and bracelets, together committing 75% of total imports. The following importers - Argentina (X tons), Paraguay (X tons), Guatemala (X tons), Mexico (X tons), Costa Rica (X tons) and Peru (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were in Bolivia (with a CAGR of +40.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported watch straps, bands and bracelets in Latin America and the Caribbean, comprising 51% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports. It was followed by Chile, with an 8.6% share.

In Brazil, bracelet imports decreased by an average annual rate of -9.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-2.0% per year) and Chile (+6.9% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 11% against the previous year. In general, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2013 when the import price increased by 37%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :