Latin America and the Caribbean: Sails Market 2025

Sails Market Size in Latin America and the Caribbean

The Latin American sails market soared to $X in 2022, rising by 119% against the previous year. Overall, consumption showed a noticeable shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sails Production in Latin America and the Caribbean

In value terms, sails production stood at $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sails Exports

Exports in Latin America and the Caribbean

After two years of decline, shipments abroad of sails increased by 400% to X tons in 2022. In general, exports showed notable growth. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sails exports soared to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Barbados (X tons) was the key exporter of sails, comprising 52% of total exports. Antigua and Barbuda (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Chile (12%) and Argentina (6.5%).

Barbados experienced a relatively flat trend pattern with regard to volume of exports of sails. At the same time, Antigua and Barbuda (+14.4%) displayed positive paces of growth. Moreover, Antigua and Barbuda emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +14.4% from 2012-2022. By contrast, Chile (-4.1%) and Argentina (-11.3%) illustrated a downward trend over the same period. While the share of Barbados (+52 p.p.) and Antigua and Barbuda (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-16.6 p.p.) and Argentina (-27.2 p.p.) displayed negative dynamics.

In value terms, Barbados ($X) emerged as the largest sails supplier in Latin America and the Caribbean, comprising 64% of total exports. The second position in the ranking was taken by Chile ($X), with a 16% share of total exports. It was followed by Antigua and Barbuda, with a 7.1% share.

In Barbados, sails exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-9.7% per year) and Antigua and Barbuda (+7.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Antigua and Barbuda (-5.8%), while the other leaders experienced a decline in the export price figures.

Sails Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of sails was finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 29%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sails imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Antigua and Barbuda (X tons) and Saint Maarten (Dutch part) (X tons) represented roughly 56% of total imports in 2022. British Virgin Islands (X tons) ranks next in terms of the total imports with an 8.6% share, followed by Curacao (7.1%) and Chile (4.6%). The following importers - Argentina (X tons), Jamaica (X tons), Guatemala (X tons), Brazil (X tons) and Suriname (X tons) - together made up 13% of total imports.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Antigua and Barbuda ($X) constitutes the largest market for imported sails in Latin America and the Caribbean, comprising 53% of total imports. The second position in the ranking was held by Saint Maarten (Dutch part) ($X), with an 8.1% share of total imports. It was followed by British Virgin Islands, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Antigua and Barbuda stood at -5.3%. In the other countries, the average annual rates were as follows: Saint Maarten (Dutch part) (-6.5% per year) and British Virgin Islands (-10.3% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Antigua and Barbuda ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+15.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :