Argentina: Men Swimwear Market 2024

Men Swimwear Market Size in Argentina

After two years of decline, the Argentinian men swimwear market increased by 16% to $X in 2021. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.3% against 2018 indices. Men swimwear consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Men Swimwear Production in Argentina

In value terms, men swimwear production dropped remarkably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. As a result, production reached the peak level of $X, and then shrank sharply in the following year.

Men Swimwear Exports

Exports from Argentina

In 2021, shipments abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -28.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, men swimwear exports shrank markedly to $X in 2021. Overall, exports saw a significant decline. The growth pace was the most rapid in 2020 with an increase of 102% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for men swimwear exports from Argentina, accounting for a 98% share of total exports. It was followed by Chile (X units), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay stood at -8.3%.

In value terms, Uruguay ($X) remains the key foreign market for men’s swimwear (excluding of knitted or crocheted textiles) exports from Argentina, comprising 92% of total exports. The second position in the ranking was held by Chile ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay totaled -10.2%.

Export Prices by Country

The average men swimwear export price stood at $X per unit in 2021, growing by 1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2020 an increase of 50% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Men Swimwear Imports

Imports into Argentina

In 2021, overseas purchases of men’s swimwear (excluding of knitted or crocheted textiles) increased by 73% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 113%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, men swimwear imports soared to $X in 2021. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of men swimwear to Argentina, accounting for a 94% share of total imports. It was followed by Bangladesh (X units), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+59.1% per year) and Vietnam (-13.4% per year).

In value terms, China ($X) constituted the largest supplier of men’s swimwear (excluding of knitted or crocheted textiles) to Argentina, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-12.9% per year) and Bangladesh (+41.3% per year).

Import Prices by Country

The average men swimwear import price stood at $X per unit in 2021, declining by -3.9% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 7.5% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average 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 Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :