Paraguay: Men Knitwear Market 2025

Men Knitwear Market Size in Paraguay

The Paraguayan men knitwear market rose significantly to $X in 2022, increasing by 14% against the previous year. Overall, consumption enjoyed resilient growth. Men knitwear consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Men Knitwear Production in Paraguay

In value terms, men knitwear production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the production volume increased by 68% against the previous year. Men knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from Paraguay

In 2022, overseas shipments of men's or boys' clothing (knitted or crocheted) increased by 56% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 236%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, men knitwear exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 258% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for men knitwear exports from Paraguay, with a 98% share of total exports. It was followed by Uruguay (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -14.4%.

In value terms, Brazil ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Paraguay, comprising 98% of total exports. The second position in the ranking was held by Uruguay ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at -12.6%.

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, rising by 16% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, men knitwear export price increased by +23.5% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 25%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.1%).

Men Knitwear Imports

Imports into Paraguay

In 2022, the amount of men's or boys' clothing (knitted or crocheted) imported into Paraguay soared to X units, rising by 27% on the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, men knitwear imports soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Brazil (X units), China (X units) and Vietnam (X units) were the main suppliers of men knitwear imports to Paraguay, with a combined 78% share of total imports. Cambodia, Bangladesh, Indonesia, Peru, Pakistan and Thailand lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear suppliers to Paraguay were Brazil ($X), China ($X) and Vietnam ($X), together comprising 78% of total imports. Cambodia, Indonesia, Bangladesh, Peru, Pakistan and Thailand lagged somewhat behind, together comprising a further 15%.

Pakistan, with a CAGR of +39.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per unit) and China ($X per unit), while the price for Pakistan ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform