Latin America and the Caribbean: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Latin America and the Caribbean

The Latin American silk shawl and scarf market reduced to $X in 2022, which is down by -11.6% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Silk Shawls And Scarves in Latin America and the Caribbean

In value terms, silk shawl and scarf production contracted sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then shrank remarkably in the following year.

Exports of Silk Shawls And Scarves

Exports in Latin America and the Caribbean

In 2022, shipments abroad of silk shawls and scarves was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X units), distantly followed by Brazil (X units), Peru (X units) and Panama (X units) were the largest exporters of silk shawls and scarves, together creating 84% of total exports. Saint Maarten (Dutch part) (X units), Chile (X units) and Colombia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +1.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 76% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +5.7%, 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, increasing by 6.3% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 56%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+27.1%), while the other leaders experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports in Latin America and the Caribbean

After three years of decline, purchases abroad of silk shawls and scarves increased by 21% to X units in 2022. In general, imports, however, faced a abrupt setback. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk shawl and scarf imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile was the largest importer of silk shawls and scarves in Latin America and the Caribbean, with the volume of imports reaching X units, which was approx. 45% of total imports in 2022. Brazil (X units) ranks second in terms of the total imports with a 13% share, followed by Mexico (13%) and Panama (12%). Guatemala (X units), Argentina (X units) and Aruba (X units) held a minor share of total imports.

Imports into Chile decreased at an average annual rate of -7.0% from 2012 to 2022. Panama (-5.6%), Guatemala (-8.6%), Aruba (-14.0%), Brazil (-18.5%), Mexico (-21.1%) and Argentina (-28.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Panama and Guatemala increased by +26, +7.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

Brazil, with a CAGR of +0.6%, recorded 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, dropping by -2.5% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 73%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :