Chile: Embroidery Market 2024

Embroidery Market Size in Chile

In 2022, the Chilean embroidery market decreased by X% to less than $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when the market value increased by X%. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Embroidery Production in Chile

In value terms, embroidery production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Embroidery production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Embroidery Exports

Exports from Chile

After two years of decline, overseas shipments of embroidery (without visible ground) in the piece decreased by X% to X kg in 2019. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2019, the growth of the exports failed to regain momentum.

In value terms, embroidery exports shrank markedly to $X in 2019. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for embroidery exports from Chile, accounting for a X% share of total exports. Moreover, embroidery exports to France exceeded the volume sent to the second major destination, Bolivia (X kg), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X kg), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, France ($X), Bolivia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for embroidery exported from Chile worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average embroidery export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 when the average export price decreased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Bolivia ($X,000 per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Embroidery Imports

Imports into Chile

Embroidery imports into Chile soared to X tons in 2022, rising by X% compared with the previous year. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, embroidery imports soared to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main embroidery supplier to Chile, accounting for a X% share of total imports. Moreover, embroidery imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of embroidery (without visible ground) in the piece to Chile, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average embroidery import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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