Latin America and the Caribbean: Jersey Market 2024

Jersey Market Size in Latin America and the Caribbean

In 2022, after two years of decline, there was growth in the Latin American jersey market, when its value increased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Jersey Production in Latin America and the Caribbean

In value terms, jersey production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Jersey Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were exported in Latin America and the Caribbean; increasing by X% on 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, jersey exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of jerseys, pullovers, cardigans and similar articles, namely Mexico, El Salvador and Guatemala, represented more than half of total export. Nicaragua (X units) took the next position in the ranking, followed by Haiti (X units) and the Dominican Republic (X units). All these countries together held approx. X% share of total exports. Peru (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Guatemala ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Jersey Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were imported in Latin America and the Caribbean; with an increase of X% against the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, jersey imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X units) represented the major importer of jerseys, pullovers, cardigans and similar articles, creating X% of total imports. It was distantly followed by Brazil (X units), Mexico (X units), Nicaragua (X units), Peru (X units) and Colombia (X units), together generating a X% share of total imports. Uruguay (X units), El Salvador (X units), Argentina (X units), the Dominican Republic (X units) and Panama (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to jersey imports into Chile stood at X%. At the same time, Nicaragua (X%), El Salvador (X%), the Dominican Republic (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru, Brazil and Argentina experienced a relatively flat trend pattern. By contrast, Colombia (X%), Mexico (X%) and Panama (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Nicaragua (X p.p.), El Salvador (X p.p.) and the Dominican Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Panama (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Nicaragua ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Nicaragua, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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