Chile: Men Knitwear Market 2025

Men Knitwear Market Size in Chile

In 2022, the Chilean men knitwear market decreased by -19% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, showed significant growth. Men knitwear consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Men Knitwear Production in Chile

In value terms, men knitwear production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Men Knitwear Exports

Exports from Chile

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) increased by 7.6% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, men knitwear exports soared to $X in 2022. Overall, exports posted a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 91%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for men knitwear exports from Chile, accounting for a 49% share of total exports. Moreover, men knitwear exports to Uruguay exceeded the volume sent to the second major destination, Venezuela (X units), twofold. Peru (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+82.4% per year) and Peru (-0.3% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Chile, comprising 62% of total exports. The second position in the ranking was taken by Peru ($X), with a 28% share of total exports. It was followed by Venezuela, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay amounted to +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.6% per year) and Venezuela (+37.3% per year).

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, jumping by 29% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 465%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Uruguay ($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 South Africa (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Chile

After six years of growth, overseas purchases of men's or boys' clothing (knitted or crocheted) decreased by -21.8% to X units in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 378%. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, men knitwear imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 92%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of men knitwear to Chile, with a 83% share of total imports. It was followed by Cambodia (X units), with a 2.4% share of total imports. Bangladesh (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+30.2% per year) and Bangladesh (+38.6% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Chile, comprising 70% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3.9% share of total imports. It was followed by Cambodia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.4% per year) and Cambodia (+26.4% per year).

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, growing by 85% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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