Uruguay: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Uruguay

In 2022, the Uruguayan non-knitted men apparel market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Non-knitted men apparel consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Production in Uruguay

In value terms, non-knitted men apparel production shrank slightly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Knitted Men Apparel Exports

Exports from Uruguay

In 2022, the amount of men's or boys' clothing (not knitted or crocheted) exported from Uruguay shrank significantly to X units, falling by X% compared with 2021. In general, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-knitted men apparel exports declined rapidly to $X in 2022. Overall, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X units) was the main destination for non-knitted men apparel exports from Uruguay, accounting for a X% share of total exports. Moreover, non-knitted men apparel exports to Peru exceeded the volume sent to the second major destination, Argentina (X units), more than tenfold. Chile (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

In value terms, the largest markets for non-knitted men apparel exported from Uruguay were Peru ($X), Argentina ($X) and Brazil ($X), with a combined X% share of total exports.

Peru, with a CAGR of X%, saw 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 a decline.

Export Prices by Country

In 2022, the average non-knitted men apparel export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, faced a deep slump. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Peru ($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 Argentina (X%), while the prices for the other major destinations experienced a decline.

Non-Knitted Men Apparel Imports

Imports into Uruguay

In 2022, overseas purchases of men's or boys' clothing (not knitted or crocheted) increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X units in 2018; afterwards, it flattened through to 2022.

In value terms, non-knitted men apparel imports soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-knitted men apparel supplier to Uruguay, with a X% share of total imports. Moreover, non-knitted men apparel imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fivefold. Brazil (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

In 2022, the average non-knitted men apparel import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, saw a pronounced setback. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($X per unit), while the price for Argentina ($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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