Latin America Cashmere Clothing Market Size & Outlook
Latin America cashmere clothing market, 2018-2030 (US$M)
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Latin America cashmere clothing market highlights
- The Latin America cashmere clothing market generated a revenue of USD 70.6 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, sweaters and coats was the largest revenue generating product in 2023.
- Tees and Polo is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 70.6 million |
| Market revenue in 2030 | USD 126.0 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sweaters and Coats, Pants and Trousers, Tees and Polo |
| Key market players worldwide | Brunello Cucinelli SpA, The Naga Group AG, Repeat Cashmere, Lvmh Moet Hennessy Louis Vuitton SE, Pringle of Scotland, Autumn Cashmere, TSE Cashmere, 360Cashmere, White + Warren, Dawson Forte Cashmere, Lisa Todd, Gobi Cashmere |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.5% of the global cashmere clothing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 126.0 million by 2030.
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America cashmere clothing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cashmere clothing market will help companies and investors design strategic landscapes.
Sweaters and coats was the largest segment with a revenue share of 48.3% in 2023. Horizon Databook has segmented the Latin America cashmere clothing market based on sweaters and coats, pants and trousers, tees and polo covering the revenue growth of each sub-segment from 2018 to 2030.
As economies in Central and South America continue to grow, there has been an increase in luxury consumption, including high-end clothing items like cashmere. Rising disposable incomes in urban areas have resulted in an increase in appreciation for premium-quality materials and luxury fashion items.
This is particularly true for major cities in Central and South America, with their vibrant fashion scenes and increasingly fashion-conscious consumers. Although most countries in Central and South America have predominantly warm climates, certain countries like Argentina and Chile do experience cooler temperatures. This could present a moderate demand for lightweight cashmere garments suitable for layering during cooler months.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cashmere clothing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cashmere clothing market size, by country, 2018-2030 (US$M)
Latin America Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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