Uruguay: 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 Uruguay

After two years of decline, the Uruguayan knitted shawl and scarf market increased by 24% to $X in 2022. In general, consumption, however, recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Uruguay

In value terms, knitted shawl and scarf production declined rapidly to $X in 2022 estimated in export price. Overall, production showed a dramatic decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 663%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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

Exports from Uruguay

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles increased by 224% to X units, rising for the second year in a row after seven years of decline. Overall, exports, however, showed a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 840%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 529% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for knitted shawl and scarf exports from Uruguay, accounting for a 85% share of total exports. Moreover, knitted shawl and scarf exports to France exceeded the volume sent to the second major destination, Peru (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +86.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-21.8% per year) and the United States (+9.8% per year).

In value terms, France ($X) emerged as the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Uruguay, comprising 52% of total exports. The second position in the ranking was taken by Italy ($X), with a 22% share of total exports. It was followed by the United States, with a 22% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +78.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+41.6% per year) and the United States (+21.7% per year).

Export Prices by Country

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, which is down by -46% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 314% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Uruguay

In 2022, purchases abroad of shawls, scarves and the like of knitted or crocheted textiles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 89% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knitted shawl and scarf imports soared to $X in 2022. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. 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

In 2022, China (X units) was the main supplier of knitted shawl and scarf to Uruguay, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -8.6%.

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Uruguay.

From 2012 to 2022, the average annual growth rate of value from China totaled -6.0%.

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2015 an increase of 33%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.9% per year.

Source: IndexBox Platform

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