Latin America Textile Market Size & Outlook, 2021-2030
Latin America textile market, 2017-2030 (US$M)
Related Markets
Latin America textile market highlights
- The Latin America textile market generated a revenue of USD 69,189.8 million in 2021.
- The market is expected to grow at a CAGR of 5.8% from 2022 to 2030.
- In terms of segment, fashion was the largest revenue generating application in 2021.
- Fashion is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 69,189.8 million |
| Market revenue in 2030 | USD 115,026.0 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Fashion |
| Fastest growing segment | Fashion |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Household, Technical, Fashion |
| Key market players worldwide | INVISTA, BSL-BIOSERVICE Scientific Laboratories GmbH, Lu Thai Textile, Paramount Global Class A, Companhia De Saneamento Basico Do Estado De Sao Paulo ADR, DBL Group, Lumière e i suoi fratelli, Li & Fung, Solvay SA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global textile market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,895,770.4 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America textile 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 textile market will help companies and investors design strategic landscapes.
Fashion was the largest segment with a revenue share of 75.18% in 2021. Horizon Databook has segmented the Latin America textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
The availability of textile raw materials, such as polyester and cotton, coupled with the existence of textile manufacturing units in the region have made Central & South America one of the largest producers of textiles including apparel.
However, the regional market has witnessed a drop in production on account of high production costs and reduced global demand. Nonetheless, the Central & South American textile market is expected to witness growth over the forecast period on account of growing population, increasing middle-class population, and increasing job opportunities in developing nations such as Brazil, Venezuela, and others.
This is expected to boost the production of textile products, in turn, contributing significantly to the overall textile market growth in the region. Increasing construction spending, free trade agreements, abundant availability of raw materials, upcoming events including sports and carnivals, and government initiatives to promote textile industry are some of the key factors driving the regional market over the forecast period.
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Target buyers of Latin America textile market databook
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Our clientele includes a mix of textile market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America textile market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America textile market size, by country, 2017-2030 (US$M)
Latin America Textile Market Share, 2021 & 2030 (US$M)
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