Latin America Knitting Yarn Ball Retail Market Size & Outlook
Latin America knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Latin America knitting yarn ball retail market highlights
- The Latin America knitting yarn ball retail market generated a revenue of USD 233.9 million in 2022.
- The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, physical stores was the largest revenue generating channel type in 2022.
- Online Channels is the most lucrative channel type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2022 | USD 233.9 million |
| Market revenue in 2030 | USD 339.9 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Physical stores |
| Fastest growing segment | Online Channels |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Physical Stores, Online Channels |
| Key market players worldwide | Sullivans USA, Ganga Acrowools, Vardhman Group, Hobbii, Ball Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.1% of the global knitting yarn ball retail market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 461.1 million by 2030.
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Knitting Yarn Ball Retail Market Scope
Knitting Yarn Ball Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America knitting yarn ball retail 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 knitting yarn ball retail market will help companies and investors design strategic landscapes.
Physical stores was the largest segment with a revenue share of 84.48% in 2022. Horizon Databook has segmented the Latin America knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for knitting yarn balls in Central & South America is witnessing a rise owing to the increasing interest of people in knitting. The knitters in the region keep on encouraging people to adopt knitting by sharing their techniques and work.
It has kept the knitting culture alive in Central & South America. This, in turn, is expected to positively impact the demand for knitting yarn balls in the region in the coming years. Knitting is characterized as an activity meant for women in various regions and countries of the world.
However, on Taquile Island, which is situated near Peru, South America, the men are famous for knitting, and their knitted products are considered to be of the best quality in the region. They knit blankets, belts, and hats for their use and sales.
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Our clientele includes a mix of knitting yarn ball retail market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America knitting yarn ball retail market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America knitting yarn ball retail market
Latin America Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
Latin America knitting yarn ball retail market
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