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Latin America Handicrafts Market: By Product Type: Woodware, Artmetal Ware, Handprinted Textiles and Scarves, Embroidered and Crocheted Goods, Others; By Distribution Channel; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Latin America Handicrafts Market Outlook

The Latin America handicrafts market is expected to grow at a CAGR of 11.0% during the forecast period of 2022-2027.

 

Latin America Handicrafts Market

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Rising Travel and Tourism in Latin American Countries is Boosting the Market Growth of Handicrafts in the Region

The handicrafts industry in Latin America is being driven on account of rising per capita disposable incomes and the willingness to spend on handicrafts, including handmade jewellery, apparel, and handcrafted home accessories. Furthermore,  with an increased number of tourists, owing to flourishing tourism sector of Latin American countries, the sales of handicraft items in Latin America have increased owing to the invigorated demand for cultural goods, uncommon souvenirs, and indigenous art.

In addition to this, governments in a number of countries have taken supportive measures to boost their travel and tourism industries and are investing in a variety of programmes that promote handicraft manufacturing, thereby positively impacting the growth of the market. Moreover, efforts undertaken to streamline the manufacturing process and mainstream operations in order to economically empower the ground-level workers is another factor bolstering the growth of the market.

 

Handicrafts: Market Segmentation

Handicrafts refer to products that are made by artisans using hands and simple tools. These products represent the culture and tradition of a particular country or region as these products are unique and exhibit distinctive qualities.

 

Latin America Handicrafts Market by Segment

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By product type, the market can be segmented into:

  • Woodware   
  • Artmetal Ware 
  • Handprinted Textiles and Scarves 
  • Embroidered and Crocheted Goods 
  • Imitation Jewellery
  • Sculptures
  • Pottery and Glassware 
  • Others

Based on distribution channel, the market is divided into:

  • Mass Retailers
  • Departmental Stores
  • Independent Retailers
  • Speciality Stores
  • Online Stores
  • Others

The market, based on end use, can be classified into:

  • Residential
  • Commercial

The EMR report looks into the regional markets of Latin America’s handicraft industry like Brazil, Argentina, and Mexico, among others.

 

Latin America Handicrafts Market by Region

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Emergence of Online Retail and E-Commerce Channels is Boosting the Market Growth of Handicrafts in Latin America

The growth in the Latin America market for handicrafts can be associated with the rise of online retail channels and the proliferation of various e-commerce channels, thereby easing consumer access to handcrafted products. Owing to rising smartphone ownership, robust internet facilities, and the dominance of e-commerce channels in Latin America, the inclusion of handicraft products on online retail channels is positively influencing the growth of the market.

In addition to this, the market is witnessing a shift from ethnic to contemporary designs, which is being fuelled by strong demand from offices, hospitals, and hotels. Furthermore, efforts to boost local art and culture is a significant factor bolstering the growth of the market. In line with this, the regional market is benefitting from robust demand from the international market and improved trade relations with the rest of the world. These are some of the factors providing impetus to the market.

 

Key Industry Players in the Latin America Handicrafts Market

The report gives a detailed analysis of the following key players in the Latin America handicrafts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • TheFOB
  • Caboclo
  • Círculo SA
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel, End Use, Country
Breakup by Product Type Woodware, Artmetal Ware, Handprinted Textiles and Scarves, Embroidered and Crocheted Goods, Imitation Jewellery, Sculptures, Pottery and Glassware, Others
Breakup by Distribution Channel Mass Retailers, Departmental Stores, Independent Retailers, Speciality Stores, Online Stores, Others
Breakup by End Use Residential, Commercial
Breakup by Country Brazil, Argentina, Mexico, Others
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered TheFOB, Caboclo, Círculo SA, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Latin America
7    Industry Opportunities and Challenges
8    Latin America Handicrafts Market Analysis

    8.1    Key Industry Highlights
    8.2    Latin America Handicrafts Historical Market (2017-2022) 
    8.3    Latin America Handicrafts Market Forecast (2022-2027)
    8.4    Latin America Handicrafts Market by Product Type
        8.4.1    Woodware  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Artmetal Ware
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Handprinted Textiles and Scarves
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Embroidered and Crocheted Goods
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Imitation Jewellery
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Sculptures
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Pottery and Glassware
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2017-2021)
            8.4.7.3    Forecast Trend (2022-2027)
        8.4.8    Others
    8.5    Latin America Handicrafts Market by Distribution Channel
        8.5.1    Mass Retailers  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Departmental Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Independent Retailers
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Speciality Stores
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Online Stores
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Latin America Handicrafts Market by End Use
        8.6.1    Residential  
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Commercial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Latin America Handicrafts Market by Country
        8.7.1    Market Share
            8.7.1.1    Brazil
            8.7.1.2    Argentina
            8.7.1.3    Mexico
            8.7.1.4    Others
9    Regional Analysis
    9.1    Brazil
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    Argentina
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    Mexico
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Techniques Used for Manufacturing Handicrafts

    12.1    Pottery
    12.2    Basket Weaving
    12.3    Tapestry
    12.4    Mosaic
    12.5    Tatting
    12.6    Engraving
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    TheFOB
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Caboclo
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Círculo SA
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    Latin America Handicrafts Market: Key Industry Highlights, 2017 and 2027
2.    Latin America Handicrafts Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    Latin America Handicrafts Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Latin America Handicrafts Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
5.    Latin America Handicrafts Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
6.    Latin America Handicrafts Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Latin America Handicrafts Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Latin America Handicrafts Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Latin America Handicrafts Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Latin America Handicrafts Market Structure

Key Questions Answered in the Report

The Latin America handicrafts market is projected to grow at a CAGR of 11.0% during 2022-2027.

The market is being driven by the flourishing tourism sector of Latin America, rising demand from offices, hospitals, and hotels, and supportive government measures.

The rise of online retail and e-commerce channels and the expanding travel and tourism industry are the key industry trends propelling the growth of the market.

The major countries in the industry are Brazil, Argentina, and Mexico, among others.

The different product types of handicrafts are woodware, artmetal ware, handprinted textiles and scarves, embroidered and crocheted goods, imitation jewellery, sculptures, and pottery and glassware, among others.

The significant distribution channels of handicrafts in Latin America are mass retailers, departmental stores, independent retailers, speciality stores, and online stores, among others.

The major end uses of handicrafts in Latin America are residential and commercial.

The major players in the industry are TheFOB, Caboclo, and Círculo SA, among others.

Analyst Review

The Latin America handicrafts market is being driven by the rise of online retail and e-commerce channels. Aided by the improvement in trade relations between the countries, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 11.0%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is categorised into woodware, artmetal ware, handprinted textiles and scarves, embroidered and crocheted goods, imitation jewellery, sculptures, pottery and glassware, among others. Based on distribution channel, the market is divided into mass retailers, departmental stores, independent retailers, speciality stores, and online stores, among others.  The market, based on end use, can be classified into residential and commercial. The major countries of the Latin America handicrafts industry are Brazil, Argentina, and Mexico, among others. The key players in the above market are TheFOB, Caboclo, and Círculo SA, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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