MERCOSUR: Men Swimwear Market 2024

Men Swimwear Market Size in MERCOSUR

In 2021, after four years of growth, there was decline in the MERCOSUR men swimwear market, when its value decreased by -1.5% to $X. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.1% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Men Swimwear Production in MERCOSUR

In value terms, men swimwear production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 42%. The level of production peaked at $X in 2020, and then dropped in the following year.

Men Swimwear Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas shipments of men’s swimwear (excluding of knitted or crocheted textiles), which increased by 50% to X units in 2021. In general, exports continue to indicate a modest increase. The pace of growth was the most pronounced in 2015 with an increase of 68% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, men swimwear exports skyrocketed to $X in 2021. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 81% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Colombia represented the key exporter of men’s swimwear (excluding of knitted or crocheted textiles) in MERCOSUR, with the volume of exports accounting for X units, which was near 73% of total exports in 2021. Brazil (X units) ranks second in terms of the total exports with an 11% share, followed by Chile (11%). Peru (X units) and Argentina (X units) followed a long way behind the leaders.

Exports from Colombia increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Chile (+31.6%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +31.6% from 2012-2021. Brazil experienced a relatively flat trend pattern. By contrast, Peru (-8.7%) and Argentina (-21.7%) illustrated a downward trend over the same period. While the share of Colombia (+11 p.p.) and Chile (+9.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Peru (-5.1 p.p.) and Argentina (-14.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest men swimwear supplying countries in MERCOSUR were Colombia ($X), Chile ($X) and Brazil ($X), with a combined 98% share of total exports.

Among the main exporting countries, Chile, with a CAGR of +22.3%, saw the highest growth rate of 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

In 2021, the export price in MERCOSUR amounted to $X per unit, rising by 5.7% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, men swimwear export price decreased by -32.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 42%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Men Swimwear Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas purchases of men’s swimwear (excluding of knitted or crocheted textiles), when their volume increased by 50% to X units. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, men swimwear imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile represented the main importing country with an import of around X units, which recorded 46% of total imports. Argentina (X units) ranks second in terms of the total imports with a 26% share, followed by Peru (9.9%), Uruguay (5.6%), Brazil (4.6%) and Colombia (4.6%). Venezuela (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported men’s swimwear (excluding of knitted or crocheted textiles) in MERCOSUR, comprising 44% of total imports. The second position in the ranking was taken by Argentina ($X), with a 20% share of total imports. It was followed by Peru, with an 11% share.

In Chile, men swimwear imports expanded at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+6.4% per year) and Peru (-1.9% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, picking up by 4.2% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2019 an increase of 7.7% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform