Latin America and the Caribbean: Market for Non-Woven, Felt and Coated Textile Garments 2025

Market Size for Non-Woven, Felt and Coated Textile Garments in Latin America and the Caribbean

In 2021, after six years of growth, there was decline in the Latin American market for non-woven, felt and coated textile garments, when its value decreased by -3.3% to $X. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.5% against 2013 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Non-Woven, Felt and Coated Textile Garments in Latin America and the Caribbean

In value terms, production of non-woven, felt and coated textile garments declined to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.6% against 2013 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 19%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in Latin America and the Caribbean

In 2021, overseas shipments of non-woven, felt and coated textile garments increased by 27% to X units, rising for the third consecutive year after four years of decline. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of non-woven, felt and coated textile garments fell remarkably to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.9% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 74%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Honduras (X units) and Guatemala (X units) prevails in garments structure, together achieving 89% of total exports. The following exporters - Mexico (X units), Brazil (X units) and Paraguay (X units) - together made up 7.7% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of +62.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-woven, felt and coated textile garment supplying countries in Latin America and the Caribbean were Honduras ($X), Mexico ($X) and Paraguay ($X), with a combined 94% share of total exports.

Paraguay, with a CAGR of +51.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, reducing by -35.6% against the previous year. Over the period under review, the export price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 45%. As a result, the export price reached the peak level of $X per unit, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Honduras (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in Latin America and the Caribbean

In 2021, approx. X units of non-woven, felt and coated textile garments were imported in Latin America and the Caribbean; growing by 17% against the previous year. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, imports of non-woven, felt and coated textile garments expanded remarkably to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Chile (X units), distantly followed by Mexico (X units), Brazil (X units), Peru (X units), Argentina (X units) and Costa Rica (X units) were the main importers of non-woven, felt and coated textile garments, together committing 78% of total imports. The following importers - Venezuela (X units), the Dominican Republic (X units), Uruguay (X units), Panama (X units), El Salvador (X units), Guatemala (X units) and Colombia (X units) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported non-woven, felt and coated textile garments in Latin America and the Caribbean, comprising 40% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports. It was followed by Brazil, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +11.0%. In the other countries, the average annual rates were as follows: Chile (+6.5% per year) and Brazil (+0.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -7.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2015 when the import price increased by 10% against the previous year. The level of import peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :