Latin America and the Caribbean: Silk Fabric Market 2024

Silk Fabric Market Size in Latin America and the Caribbean

The Latin American silk fabric market was estimated at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Silk Fabric Production in Latin America and the Caribbean

In value terms, silk fabric production stood at $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Silk Fabric Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of woven fabrics of silk or of silk waste increased by X% to X square meters in 2022. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, silk fabric exports dropped significantly to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, El Salvador (X square meters) was the main exporter of woven fabrics of silk or of silk waste, making up X% of total exports. Trinidad and Tobago (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Honduras (X%) and Brazil (X%). The following exporters - Mexico (X square meters), Guyana (X square meters) and Guatemala (X square meters) - together made up X% of total exports.

El Salvador was also the fastest-growing in terms of the woven fabrics of silk or of silk waste exports, with a CAGR of X% from 2012 to 2022. At the same time, Trinidad and Tobago (X%), Guyana (X%) and Honduras (X%) displayed positive paces of growth. By contrast, Mexico (X%), Brazil (X%) and Guatemala (X%) illustrated a downward trend over the same period. El Salvador (X p.p.), Trinidad and Tobago (X p.p.), Honduras (X p.p.), Guyana (X p.p.), Mexico (X p.p.) and Guatemala (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, El Salvador ($X), Honduras ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per square meter), while Trinidad and Tobago (less than $X per square meter) was amongst the lowest.

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

Silk Fabric Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of woven fabrics of silk or of silk waste increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk fabric imports surged to $X in 2022. In general, imports, however, faced a abrupt curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the key importer of woven fabrics of silk or of silk waste in Latin America and the Caribbean, with the volume of imports recording X square meters, which was near X% of total imports in 2022. Jamaica (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Guatemala (X%) and Nicaragua (X%). Colombia (X square meters), Costa Rica (X square meters), Panama (X square meters), Argentina (X square meters), Ecuador (X square meters) and El Salvador (X square meters) held a little share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per square meter, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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 square meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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