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Latin America Textile Market Size, Share, Growth, Analysis: By Material: Cotton, Chemical, Wool, Silk, Others; By Product Type: Natural Fibres, Polyester, Nylon, Others; By Application: Household, Technical, Fashion and Clothing, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Latin America Textile Market Outlook
The Latin America textile market size reached USD 91.93 billion in 2023. The market is projected to grow at a CAGR of 3.5% between 2024 and 2032, reaching almost USD 124.68 billion by 2032.
Key Takeaways:
- Mexico is expected to lead the Latin America textile market over the forecast period.
- The consolidated fashion sector of Colombia is recognised for its craftsmanship and high-quality.
- Fashion and clothing is anticipated to dominate the market in the coming years.
The Latin America textile market growth can be attributed to factors such as rapid urbanisation, healthy economic growth in the region, and the rising demand for textiles in applications like apparel and home furnishing. In Latin America, Brazil is recognised for its man-made and natural fibres whereas Peru is reputed for its abundance of textile raw materials such as camel hair and llama, among others.
As American companies rise to the challenge of meeting supply chain problems amid rising geopolitical crises, the textile sector of Latin American countries like Mexico is expected to witness significant growth. This is because their proximity to the USA eases logistical complexities and reduces the cost of transportation of goods. Moreover, as the industry attempts to negotiate trade rules under the USMCA agreement, the Latin America textile market expansion is expected to receive a boost in the forecast period.
Sustainability has become an integral part of the Latin America textile market development. Peru-based textile manufacturer Nuevo Mundo is shifting towards utilising smart indigo technology for dyeing its denim fabrics. This is different from chemical production of liquid indigo, which emits 90% more carbon dioxide and consumes 70% more energy. It is also relatively more cost-effective and ensures a higher degree of occupational safety. This is expected to accelerate the market growth by prompting other companies to attract consumer attention by investing in sustainable technologies.
Market Segmentation
Latin America Textile Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
- Cotton
- Chemical
- Wool
- Silk
- Others
Market Breakup by Product Type
- Natural Fibres
- Polyester
- Nylon
- Others
Market Breakup by Application
- Household
- Bedding
- Kitchen
- Upholstery
- Towel
- Others
- Technical
- Construction
- Transport
- Protective
- Medical
- Others
- Fashion and Clothing
- Apparel
- Ties and Clothing Accessories
- Handbags
- Others
- Others
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Others
The key market players are Anglés Textil S.A., Parkdale, Incorporated, Aztlan Textil SA de CV, Citosa Textiles SA de CV, CS Tech Contract Manufacturing, Novalan, S.A. de C.V., GRUPO TEXTIL ALTEX, S.A. DE C.V., TURBO YARN SA DE CV, Enka De Colombia S.A., CI Creytex SA, and Protela S.A, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Textile Market Overview
8.1 Key Industry Highlights
8.2 Global Textile Historical Market (2018-2023)
8.3 Global Textile Market Forecast (2024-2032)
8.4 Global Textile Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Textile Market Overview
9.1 Key Industry Highlights
9.2 Latin America Textile Historical Market (2018-2023)
9.3 Latin America Textile Market Forecast (2024-2032)
10 Latin America Textile Market by Material
10.1 Cotton
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Chemical
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Wool
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Silk
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Latin America Textile Market by Product Type
11.1 Natural Fibres
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Polyester
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Nylon
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Latin America Textile Market by Application
12.1 Household
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.1.3 Breakup by Type
12.1.3.1 Bedding
12.1.3.2 Kitchen
12.1.3.3 Upholstery
12.1.3.4 Towel
12.1.3.5 Others
12.2 Technical
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.2.3 Breakup by Type
12.2.3.1 Construction
12.2.3.2 Transport
12.2.3.3 Protective
12.2.3.4 Medical
12.2.3.5 Others
12.3 Fashion and Clothing
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.3.3 Breakup by Type
12.3.3.1 Apparel
12.3.3.2 Ties and Clothing Accessories
12.3.3.3 Handbags
12.3.3.4 Others
12.4 Others
13 Latin America Textile Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Argentina
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Anglés Textil S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Parkdale, Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Aztlan Textil SA de CV
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Citosa Textiles SA de CV
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 CS Tech Contract Manufacturing
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Novalan, S.A. de C.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 GRUPO TEXTIL ALTEX, S.A. DE C.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 TURBO YARN SA DE CV
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Enka De Colombia S.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CI Creytex SA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Protela S.A
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Textile Market: Key Industry Highlights, 2018 and 2032
2. Latin America Textile Market: Key Industry Highlights, 2018 and 2032
3. Latin America Textile Historical Market: Breakup by Material (USD Billion), 2018-2023
4. Latin America Textile Market Forecast: Breakup by Material (USD Billion), 2024-2032
5. Latin America Textile Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Latin America Textile Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Latin America Textile Historical Market: Breakup by Application (USD Billion), 2018-2023
8. Latin America Textile Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. Latin America Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Latin America Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Latin America Textile Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 91.93 billion in 2023.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 124.68 billion in 2032.
The different applications of textiles include household, technical, and fashion and clothing, among others.
The various materials used in textile include cotton, chemical, wool, and silk, among others.
The different product types considered in the market report are natural fibres, polyester, and nylon, among others.
The major countries in the market include Brazil, Mexico, and Argentina, among others.
The key market players are Anglés Textil S.A., Parkdale, Incorporated, Aztlan Textil SA de CV, Citosa Textiles SA de CV, CS Tech Contract Manufacturing, Novalan, S.A. de C.V., GRUPO TEXTIL ALTEX, S.A. DE C.V., TURBO YARN SA DE CV, Enka De Colombia S.A., CI Creytex SA, and Protela S.A, among others.
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