Latin America and the Caribbean: Woolen Fabric Market 2024

Woolen Fabric Market Size in Latin America and the Caribbean

In 2023, after two years of growth, there was decline in the Latin American woolen fabric market, when its value decreased by X% to $X. Over the period under review, consumption recorded a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Woolen Fabric Production in Latin America and the Caribbean

In value terms, woolen fabric production declined slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Woolen Fabric Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of woven woolen fabrics decreased by X% to X square meters in 2023. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, woolen fabric exports reduced to $X in 2023. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Chile (X square meters) and Mexico (X square meters) were the key exporters of woven woolen fabrics in Latin America and the Caribbean, together mixing up X% of total exports. Peru (X square meters) took the next position in the ranking, distantly followed by Brazil (X square meters). All these countries together took approx. X% share of total exports. Guatemala (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Chile, 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 a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced more modest paces of growth.

Woolen Fabric Imports

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in overseas purchases of woven woolen fabrics, when their volume decreased by X% to X square meters. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports contracted to $X in 2023. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Dominican Republic (X square meters), distantly followed by Guatemala (X square meters), Mexico (X square meters) and Colombia (X square meters) were the largest importers of woven woolen fabrics, together creating X% of total imports. Argentina (X square meters), Brazil (X square meters) and Chile (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Guatemala ($X), Mexico ($X) and the Dominican Republic ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Brazil, Colombia, Argentina and Chile lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 square meter in 2023, flattening at the previous year. Overall, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2013; however, from 2014 to 2023, 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 Mexico ($X per square meter), while the Dominican Republic ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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