Latin America Textile Industry - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by material type, process type, and different types of applications.

Market Snapshot

market size
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Latin America Textile Industry

The textile industry in Latin America is estimated to grow at a CAGR of ~3.8% over the forecast period of 2019-2024.

  • Latin America is home to four major textile producing nations such as Peru, Brazil, and Colombia. Peru is South America’s biggest clothing exporter and boasts unique domestic raw materials, especially alpaca fibre and Tangüis cotton.
  • Brazil, a BRIC country, has enormous growth potential in both its textile supply chains – natural fibres and man-made fibres. Colombia is also expected have great opportunities in the textile and fashion industry.
  • Meanwhile, the CAFTA-DR countries – Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua – are eagerly competing amongst themselves and Haiti for niches in the US market.

Scope of the Report

This report aims to provide a detailed analysis on the textile industry in Latin America. It focuses on the market dynamics, technological trends, and insights on various material, application, and process types. Also, it analyses the major players and the competitive landscape in the Latin America textile industry.

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Key Market Trends

Changing dynamics of the Latin American fashion retail

  • Latin America and the Caribbean are emerging as potential growth markets driven by increasing domestic demand, economic growth and purchase power. Investment possibilities in Latin countries such as Brazil, Mexico, Argentina, Colombia, Venezuela, Chile, Peru, Ecuador, Dominican Republic and Uruguay are abundant.
  • The popularity of the American lifestyle and the strong influence of the United States on culture and consumption in Latin America first wooed fashion names like Tommy Hilfiger and Nike to launch retail operations in Mexico and Brazil. Spanish fashion verticals like Inditex and Mango changed the way people in Latin America shopped, pushing domestic fashion retailers to focus on product quality and offering.
  • Spending on clothing and footwear in Latin American region is forecasted to increase at a CAGR of 7.2% over the next five years surpassing USD 220 billion by 2021. The growth opportunity that the region offers, is actually the core attraction for foreign brands.
Trend 1

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Opportunities in Colombian Textile & Apparel Industry

  • Colombia, the fourth-largest country in South America, is rightly taking on the title of being the fashion center of Latin America. Medellin city in Colombia has now become the center of the country’s integrated and widespread garment industry that exports apparel, leather goods and footwear.
  • In the last decade, the country’s textile industry achieved a compound annual growth rate of 4.2% making it the third most prominent country in the region, closely after Argentina and Brazil.
  • Reasons that make Colombia a very attractive location for the global textile sourcing country are
    • 13 free trade agreements, 10 international investment agreements, three times lower logistical cost than shipping in from China.
    • Competitive location with easy access to global markets.
    • National Training Service offering free training to companies and workers with more than 26 specialized programs for the textile and clothing sector with national coverage.
    • Business network of more than 450 textile and 10,000 apparel production units, and preferential access to more than 1.5 billion consumers.
Trend 2

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Competitive Landscape

The report covers the major players operating in the Latin America Textile Industry. In terms of market share, the companies in the textile industry do not have considerable amount of market share as the market is competitive and moderately fragmented.

Major Players

  1. Evora SA
  2. Kaltex SA
  3. Vicunha Textil S.A.
  4. Alpargatas SAIC
  5. Santista Argentina S.A.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. MARKET DYNAMICS

    1. 3.1 Market Overview

    2. 3.2 Market Growth Drivers

    3. 3.3 Market Challenges

    4. 3.4 Market Opportunities

    5. 3.5 Value Chain / Supply Chain Analysis

    6. 3.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 3.6.1 Threat of New Entrants

      2. 3.6.2 Bargaining Power of Buyers/Consumers

      3. 3.6.3 Bargaining Power of Suppliers

      4. 3.6.4 Threat of Substitute Products

      5. 3.6.5 Intensity of Competitive Rivalry

    7. 3.7 Technological Snapshot

  4. 4. 4. MARKET SEGMENTATION

    1. 4.1 Application

      1. 4.1.1 Clothing

      2. 4.1.2 Industrial/Technical Applications

      3. 4.1.3 Household Applications

    2. 4.2 Material

      1. 4.2.1 Cotton

      2. 4.2.2 Jute

      3. 4.2.3 Silk

      4. 4.2.4 Synthetics

      5. 4.2.5 Wool

    3. 4.3 Process

      1. 4.3.1 Woven

      2. 4.3.2 Non-woven

  5. 5. COMPETITIVE LANDSCAPE

    1. 5.1 Market Competition Overview

    2. 5.2 Company Profiles

      1. 5.2.1 Evora SA

      2. 5.2.2 Kaltex SA

      3. 5.2.3 Vicunha Textil S.A.

      4. 5.2.4 Coteminas S/A

      5. 5.2.5 Alpargatas SAIC

      6. 5.2.6 Santista Argentina S.A.

      7. 5.2.7 Santana Textiles S / A

      8. 5.2.8 Fabricato SA

      9. 5.2.9 Pettenati SA Textile Industry

      10. 5.2.10 Australtex S.A.

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. APPENDIX

  8. 8. Disclaimer

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