Latin America and the Caribbean: Non-Knitted Men Apparel Market 2025

Non-Knitted Men Apparel Market Size in Latin America and the Caribbean

The Latin American non-knitted men apparel market totaled $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Non-Knitted Men Apparel Production in Latin America and the Caribbean

In value terms, non-knitted men apparel production contracted modestly 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 2019 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports in Latin America and the Caribbean

Non-knitted men apparel exports fell modestly to X units in 2022, waning by -5% compared with the previous year's figure. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-knitted men apparel exports reached $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 32%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mexico (X units) was the major exporter of men's or boys' clothing (not knitted or crocheted), mixing up 72% of total exports. It was distantly followed by Nicaragua (X units), Honduras (X units) and Haiti (X units), together making up a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-knitted men apparel exports from Mexico stood at -3.9%. Honduras (-2.7%), Haiti (-3.5%) and Nicaragua (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +8.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-knitted men apparel supplier in Latin America and the Caribbean, comprising 73% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 9.6% share of total exports. It was followed by Honduras, with a 4.8% share.

In Mexico, non-knitted men apparel exports decreased by an average annual rate of -2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nicaragua (-3.8% per year) and Honduras (-1.3% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 8% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per unit) and Nicaragua ($X per unit), while Haiti ($X per unit) and Honduras ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+1.8%), while the other leaders experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of men's or boys' clothing (not knitted or crocheted) increased by 9.7% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-knitted men apparel imports skyrocketed to $X in 2022. In general, imports, however, saw a perceptible curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X units) and Brazil (X units) were the largest importers of men's or boys' clothing (not knitted or crocheted) in 2022, accounting for near 38% and 26% of total imports, respectively. It was distantly followed by Mexico (X units), constituting a 6.5% share of total imports. The following importers - Argentina (X units), Uruguay (X units), Peru (X units), Colombia (X units), Panama (X units) and Guatemala (X units) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +3.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest non-knitted men apparel importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined 76% share of total imports.

Mexico, with a CAGR of +5.8%, 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, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 (+23.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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