Brazil: Men Knitwear Market 2025

Men Knitwear Market Size in Brazil

The Brazilian men knitwear market rose notably to $X in 2022, growing by 5.7% against the previous year. The market value increased at an average annual rate of +4.2% 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, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Men Knitwear Production in Brazil

In value terms, men knitwear production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Men Knitwear Exports

Exports from Brazil

In 2022, the amount of men's or boys' clothing (knitted or crocheted) exported from Brazil expanded rapidly to X units, with an increase of 11% on the year before. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, men knitwear exports surged to $X in 2022. In general, exports showed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Paraguay (X units), Uruguay (X units) and Ecuador (X units) were the main destinations of men knitwear exports from Brazil, together accounting for 66% of total exports. Panama, Chile, Bolivia, Costa Rica, Colombia, Argentina and Angola lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +54.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for men knitwear exported from Brazil were Paraguay ($X), Uruguay ($X) and Chile ($X), with a combined 60% share of total exports. Bolivia, Ecuador, Argentina, Panama, Costa Rica, Colombia and Angola lagged somewhat behind, together comprising a further 25%.

Panama, with a CAGR of +46.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, increasing by 16% against the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of 21%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the 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 Argentina ($X per unit), while the average price for exports to Paraguay ($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 Angola (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Men Knitwear Imports

Imports into Brazil

In 2022, overseas purchases of men's or boys' clothing (knitted or crocheted) increased by 35% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, men knitwear imports skyrocketed to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of men knitwear to Brazil, accounting for a 75% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), more than tenfold. Cambodia (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+49.7% per year) and Cambodia (+21.0% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Brazil, comprising 63% of total imports. The second position in the ranking was held by Cambodia ($X), with a 7.4% share of total imports. It was followed by Vietnam, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+22.2% per year) and Vietnam (+14.0% per year).

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, with an increase of 8% against the previous year. Overall, the import price, however, recorded a mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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