Latin America and the Caribbean: Sewing Needle Market 2020

Sewing Needle Market Size in Latin America and the Caribbean

The revenue of the sewing needle market in Latin America and the Caribbean amounted to $X in 2017, waning by -X% against the previous year. The sewing needle consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. The level of sewing needle consumption peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Sewing Needle Production in Latin America and the Caribbean

In 2017, production of sewing, knitting needles and bodkins of iron or steel in Latin America and the Caribbean totaled X tons, increasing by X% against the previous year. The total output indicated a modest expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sewing needle production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. Over the period under review, the sewing needle production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Sewing Needle Exports in Latin America and the Caribbean

In 2017, exports of sewing, knitting needles and bodkins of iron or steel in Latin America and the Caribbean amounted to X tons, surging by X% against the previous year. The sewing needle exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. The volume of exports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle exports amounted to $X in 2017. The sewing needle exports continue to indicate a measured reduction. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Sewing Needle Exports by Country in Latin America and the Caribbean

Panama represented the key exporting country with an export of around X tons, which recorded X% of total exports. Mexico (X tons) ranks second in terms of the global exports with a X% share, followed by Colombia (X%) and the Dominican Republic (X%). Chile (X tons) followed a long way behind the leaders.

Panama experienced a relatively flat trend pattern of sewing, knitting needles and bodkins of iron or steel exports. At the same time, the Dominican Republic (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico experienced a relatively flat trend pattern. By contrast, Colombia (-X%) and Chile (-X%) illustrated a downward trend over the same period. While the share of Colombia (X%) and Chile (X%) increased significantly in terms of the global exports from 2007-2017, the share of the Dominican Republic (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sewing needle markets worldwide were Mexico ($X), Panama ($X) and the Dominican Republic ($X), together accounting for X% of total exports.

Among the main exporting countries , the Dominican Republic (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Sewing Needle Export Prices by Country in Latin America and the Caribbean

The sewing needle export price in Latin America and the Caribbean stood at $X per ton in 2017, therefore, remained relatively stable against the previous year. The sewing needle export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. In that year, the export prices for sewing, knitting needles and bodkins of iron or steel attained their peak level of $X per kg. From 2015 to 2017, growth of the export prices for sewing, knitting needles and bodkins of iron or steel failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Mexico ($X per kg), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Dominican Republic (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Sewing Needle Imports in Latin America and the Caribbean

In 2017, imports of sewing, knitting needles and bodkins of iron or steel in Latin America and the Caribbean stood at X tons, standing approx. at the previous year. The sewing needle imports continue to indicate an abrupt setback. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. Over the period under review, the sewing needle imports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle imports stood at $X in 2017. The sewing needle imports continue to indicate a drastic decrease. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sewing Needle Imports by Country in Latin America and the Caribbean

The countries with the highest levels of sewing needle imports in 2017 were Brazil (X tons), Mexico (X tons), Chile (X tons), Panama (X tons), Costa Rica (X tons), Argentina (X tons), Peru (X tons) and Colombia (X tons), together accounting for X% of total import. The following importers - El Salvador (X tons), Bolivia (X tons), Guatemala (X tons) and Paraguay (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Costa Rica ($X) and Brazil ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Chile, Panama, Argentina, Peru, Colombia, Guatemala, Bolivia, El Salvador and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Bolivia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Sewing Needle Import Prices by Country in Latin America and the Caribbean

In 2017, the sewing needle import price in Latin America and the Caribbean amounted to $X per ton, standing approx. at the previous year. The sewing needle import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, an increase of X% year-to-year. In that year, the import prices for sewing, knitting needles and bodkins of iron or steel reached their peak level of $X per ton. From 2016 to 2017, growth of the import prices for sewing, knitting needles and bodkins of iron or steel failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Costa Rica ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform