Argentina: Knitted Fabric Market 2025

Knitted Fabric Market Size in Argentina

After two years of decline, the Argentinian knitted fabric market increased by 59% to $X in 2021. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in Argentina

In value terms, knitted fabric production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Knitted Fabric Exports

Exports from Argentina

In 2021, exports of knitted or crocheted fabrics from Argentina declined to X tons, with a decrease of -3.8% against 2020 figures. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports fell modestly to $X in 2021. In general, exports recorded a precipitous setback. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Malaysia (X tons) and Paraguay (X tons) were the main destinations of knitted fabric exports from Argentina, together comprising 59% of total exports. These countries were followed by Bolivia, Uruguay, Peru, Ecuador, Venezuela, Brazil and South Africa, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitted fabric exported from Argentina were the United States ($X), Malaysia ($X) and Paraguay ($X), together accounting for 45% of total exports. These countries were followed by Uruguay, Bolivia, Peru, Ecuador, Venezuela, South Africa and Brazil, which together accounted for a further 14%.

Ecuador, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-1.9%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into Argentina

Knitted fabric imports into Argentina skyrocketed to X tons in 2021, surging by 54% on the year before. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted fabric imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.5% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knitted fabric to Argentina, with a 90% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Chile (X tons) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+14.4% per year) and Chile (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Argentina, comprising 79% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by Chile, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.9% per year) and Chile (-11.6% per year).

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2021, rising by 13% against the previous year. In general, the import price, however, showed a mild shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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