Argentina: Men Knitwear Market 2024

Men Knitwear Market Size in Argentina

The Argentinian men knitwear market rose slightly to $X in 2022, picking up by 1.6% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.2% against 2019 indices. Men knitwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Men Knitwear Production in Argentina

In value terms, men knitwear production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Men knitwear production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from Argentina

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were exported from Argentina; declining by -14.5% on the previous year's figure. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 115% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, men knitwear exports contracted to $X in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 229% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for men knitwear exports from Argentina, accounting for a 93% share of total exports. Moreover, men knitwear exports to Uruguay exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.7% per year) and Chile (-35.3% per year).

In value terms, Uruguay ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Argentina, comprising 86% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.9% per year) and Chile (-37.4% per year).

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, with an increase of 8.8% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Uruguay ($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 Chile (-3.3%), while the prices for the other major destinations experienced a decline.

Men Knitwear Imports

Imports into Argentina

In 2022, after three years of decline, there was significant growth in supplies from abroad of men's or boys' clothing (knitted or crocheted), when their volume increased by 64% to X units. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 86%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, men knitwear imports skyrocketed to $X in 2022. In general, imports saw a strong increase. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of men knitwear to Argentina, accounting for a 54% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+25.3% per year) and Vietnam (+13.1% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Argentina, comprising 48% of total imports. The second position in the ranking was held by Cambodia ($X), with a 14% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+21.4% per year) and Vietnam (+11.3% per year).

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, surging by 5.3% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 8.1% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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