Latin America and the Caribbean: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

The Latin American knitted shawl and scarf market dropped slightly to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

In value terms, knitted shawl and scarf production contracted to $X in 2023 estimated in export price. Overall, production, however, saw a slight increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Latin America and the Caribbean

Knitted shawl and scarf exports contracted to X units in 2023, falling by X% compared with the year before. Over the period under review, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, knitted shawl and scarf exports fell to $X in 2023. In general, exports showed a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico was the major exporter of shawls, scarves and the like of knitted or crocheted textiles in Latin America and the Caribbean, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. Peru (X units) ranks second in terms of the total exports with a X% share, followed by Ecuador (X%) and El Salvador (X%). The following exporters - Honduras (X units), the Dominican Republic (X units) and Chile (X units) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Honduras (X%), Ecuador (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Chile (X%), the Dominican Republic (X%) and Peru (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Ecuador (X p.p.), Honduras (X p.p.) and El Salvador (X p.p.) significantly strengthened its position in terms of the total exports, while the Dominican Republic and Peru saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Mexico ($X) and Ecuador ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. El Salvador, Honduras, Chile and the Dominican Republic lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the export price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2022 to 2023, the export prices remained at a somewhat lower figure.

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 Peru ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

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

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Latin America and the Caribbean

In 2023, supplies from abroad of shawls, scarves and the like of knitted or crocheted textiles increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports dropped to $X in 2023. Over the period under review, imports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Chile (X units) and Brazil (X units) represented the key importers of shawls, scarves and the like of knitted or crocheted textiles in 2023, resulting at approx. X% and X% of total imports, respectively. Mexico (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%). The following importers - Argentina (X units), Uruguay (X units), Honduras (X units), Colombia (X units), Costa Rica (X units) and El Salvador (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Honduras (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted shawl and scarf importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together accounting for X% of total imports. Peru, Argentina, Uruguay, El Salvador, Colombia, Costa Rica and Honduras lagged somewhat behind, together comprising a further X%.

El Salvador, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was El Salvador ($X per unit), while Honduras ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform