Brazil: Men Swimwear Market 2024

Men Swimwear Market Size in Brazil

In 2021, after five years of growth, there was significant decline in the Brazilian men swimwear market, when its value decreased by -7% to $X. Overall, consumption showed a perceptible expansion. Men swimwear consumption peaked at $X in 2020, and then fell in the following year.

Men Swimwear Production in Brazil

In value terms, men swimwear production contracted to $X in 2021 estimated in export price. In general, production, however, posted a pronounced increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 33%. Men swimwear production peaked at $X in 2020, and then dropped in the following year.

Men Swimwear Exports

Exports from Brazil

In 2021, overseas shipments of men’s swimwear (excluding of knitted or crocheted textiles) increased by 11% to X units, rising for the third consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, men swimwear exports rose markedly to $X in 2021. Overall, exports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of 112%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Argentina (X units), Paraguay (X units) and the United Arab Emirates (X units) were the main destinations of men swimwear exports from Brazil, together accounting for 77% of total exports. These countries were followed by Chile, Angola, the United States, Colombia and Uruguay, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +98.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for men’s swimwear (excluding of knitted or crocheted textiles) exports from Brazil, comprising 64% of total exports. The second position in the ranking was held by Paraguay ($X), with a 10% share of total exports. It was followed by Chile, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+1.6% per year) and Chile (+17.2% per year).

Export Prices by Country

In 2021, the average men swimwear export price amounted to $X per unit, picking up by 3.3% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, men swimwear export price increased by +77.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 40%. The export price peaked in 2021 and is likely to continue growth in years to come.

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 Argentina ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Men Swimwear Imports

Imports into Brazil

In 2021, supplies from abroad of men’s swimwear (excluding of knitted or crocheted textiles) increased by 17% to X units, rising for the fifth year in a row after two years of decline. In general, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 179%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, men swimwear imports soared to $X in 2021. Over the period under review, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 199%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of men swimwear to Brazil, accounting for a 35% share of total imports. Moreover, men swimwear imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), twofold. Indonesia (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+8.5% per year) and Indonesia (-5.3% per year).

In value terms, China ($X), Morocco ($X) and Indonesia ($X) were the largest men swimwear suppliers to Brazil, with a combined 41% share of total imports. These countries were followed by Bulgaria, Cambodia, Bangladesh, Vietnam, Turkey, Myanmar and Ethiopia, which together accounted for a further 38%.

Ethiopia, with a CAGR of +84.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average men swimwear import price amounted to $X per unit, surging by 53% against the previous year. Overall, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :