MERCOSUR: Sportswear Market 2024

Sportswear Market Size in MERCOSUR

The MERCOSUR sportswear market rose rapidly to $X in 2021, increasing by 6.2% against the previous year. Overall, consumption, however, recorded a mild setback. The pace of growth was the most pronounced in 2018 when the market value increased by 8%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sportswear Production in MERCOSUR

In value terms, sportswear production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 6.3%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sportswear Exports

Exports in MERCOSUR

In 2021, the amount of track suits, ski suits and swimwear exported in MERCOSUR skyrocketed to X units, rising by 37% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, sportswear exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a perceptible contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X units) and Brazil (X units) prevails in exports structure, together committing 84% of total exports. It was distantly followed by Peru (X units), committing a 9% share of total exports. Chile (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sportswear supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Chile ($X), together accounting for 91% of total exports.

Among the main exporting countries, Brazil, with a CAGR of +1.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, picking up by 8.3% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Colombia (-0.8%), while the other leaders experienced a decline in the export price figures.

Sportswear Imports

Imports in MERCOSUR

Sportswear imports surged to X units in 2021, growing by 28% against the previous year. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.8% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sportswear imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a perceptible descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X units) and Chile (X units) prevails in imports structure, together generating 76% of total imports. Peru (X units) held the next position in the ranking, followed by Uruguay (X units) and Colombia (X units). All these countries together took approx. 20% share of total imports. Argentina (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 79% share of total imports.

Among the main importing countries, Peru, with a CAGR of +3.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, declining by -2.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the import price increased by 17% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform