Uruguay: Men Knitwear Market 2024

Men Knitwear Market Size in Uruguay

In 2022, the Uruguayan men knitwear market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Men Knitwear Production in Uruguay

In value terms, men knitwear production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Men Knitwear Exports

Exports from Uruguay

Men knitwear exports from Uruguay contracted markedly to X units in 2022, falling by X% on the year before. Overall, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, men knitwear exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units), Spain (X units) and Germany (X units) were the main destinations of men knitwear exports from Uruguay, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for men knitwear exported from Uruguay were the United States ($X), Chile ($X) and Spain ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, recorded a deep downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Men Knitwear Imports

Imports into Uruguay

In 2022, overseas purchases of men's or boys' clothing (knitted or crocheted) increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, men knitwear imports surged to $X in 2022. Overall, total imports indicated buoyant growth 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest men knitwear supplier to Uruguay, accounting for a X% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fivefold. The third position in this ranking was taken by Bangladesh (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Uruguay, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Bangladesh, with an X% share.

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

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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