Latin America and the Caribbean: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

The Latin American knitted shawl and scarf market fell to $X in 2022, which is down by -2.1% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Latin America and the Caribbean

In value terms, knitted shawl and scarf production contracted modestly to $X in 2022 estimated in export price. In general, production saw a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 86% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Latin America and the Caribbean

Knitted shawl and scarf exports skyrocketed to X units in 2022, jumping by 31% on 2021. Over the period under review, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 56%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, knitted shawl and scarf exports shrank slightly to $X in 2022. Overall, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mexico (X units), distantly followed by El Salvador (X units), Peru (X units), Ecuador (X units) and Colombia (X units) were the major exporters of shawls, scarves and the like of knitted or crocheted textiles, together mixing up 89% of total exports. The following exporters - Guatemala (X units), Honduras (X units) and Nicaragua (X units) - each amounted to a 6.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nicaragua (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Mexico ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 66% share of total exports. El Salvador, Honduras, Guatemala, Colombia and Nicaragua lagged somewhat behind, together comprising a further 27%.

Among the main exporting countries, Honduras, with a CAGR of +49.7%, recorded the highest rates of growth with regard to the value of exports, 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, falling by -24.3% against the previous year. Over the period under review, the export price, however, saw slight growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 28%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+15.8%), while the other leaders experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Latin America and the Caribbean

In 2022, overseas purchases of shawls, scarves and the like of knitted or crocheted textiles were finally on the rise to reach X units after three years of decline. Overall, imports, however, showed a perceptible downturn. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units) represented the key importer of shawls, scarves and the like of knitted or crocheted textiles, generating 37% of total imports. Brazil (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (14%) and Peru (13%). Colombia (X units), El Salvador (X units), Argentina (X units), Uruguay (X units) and Haiti (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf imports into Chile stood at -1.6%. At the same time, El Salvador (+30.3%), Haiti (+10.0%) and Peru (+2.2%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +30.3% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Argentina (-6.9%), Uruguay (-8.7%), Mexico (-11.7%) and Colombia (-12.2%) illustrated a downward trend over the same period. Chile (+9.5 p.p.), Brazil (+6.8 p.p.), Peru (+6.3 p.p.) and El Salvador (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Uruguay, Colombia and Mexico saw its share reduced by -1.6%, -5.7% and -16.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest knitted shawl and scarf importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined 66% share of total imports. Peru, Argentina, El Salvador, Colombia, Uruguay and Haiti lagged somewhat behind, together comprising a further 26%.

El Salvador, with a CAGR of +16.2%, 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 9.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained 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 ($X per unit), while Chile ($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 (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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