Brazil: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Market Size in Brazil

In 2022, the Brazilian knitted ski-suit market increased by 27% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Knitted Ski-Suit Production in Brazil

In value terms, knitted ski-suit production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Knitted Ski-Suit Exports

Exports from Brazil

In 2022, overseas shipments of ski-suits of knitted or crocheted textiles decreased by -30.2% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 128% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knitted ski-suit exports reduced rapidly to $X in 2022. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 96% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X units), Portugal (X units) and France (X units) were the main destinations of knitted ski-suit exports from Brazil, with a combined 35% share of total exports. These countries were followed by the United States, Paraguay, South Africa, Chile, Marshall Islands, Uruguay, Barbados, Russia, Liberia and Hong Kong SAR, which together accounted for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Marshall Islands (with a CAGR of +97.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Paraguay ($X) constituted the largest markets for knitted ski-suit exported from Brazil worldwide, together accounting for 34% of total exports. These countries were followed by Portugal, Marshall Islands, France, Barbados, South Africa, Liberia, Hong Kong SAR, Uruguay, Russia and Venezuela, which together accounted for a further 37%.

Marshall Islands, with a CAGR of +150.5%, saw the highest growth rate of the value of exports, in terms of 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 knitted ski-suit export price amounted to $X per unit, rising by 21% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 57%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Venezuela ($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 Marshall Islands (+27.0%), while the prices for the other major destinations experienced mixed trend patterns.

Knitted Ski-Suit Imports

Imports into Brazil

In 2022, approx. X units of ski-suits of knitted or crocheted textiles were imported into Brazil; picking up by 56% compared with the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 2,797% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, knitted ski-suit imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 2,104%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Hong Kong SAR (X units) and the United States (X units) were the main suppliers of knitted ski-suit imports to Brazil, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +243.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted ski-suit suppliers to Brazil were China ($X), the United States ($X) and Hong Kong SAR ($X), together comprising 93% of total imports. These countries were followed by Colombia, which accounted for a further 3.7%.

Colombia, with a CAGR of +189.2%, saw the highest rates of growth with regard to 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 2022, the average knitted ski-suit import price amounted to $X per unit, with a decrease of -8.9% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 535%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+80.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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