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Latin America Textile Market

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.

 

Latin America Textile Market

 

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:

  • Material
  • Product Type
  • Application
  • Region
Breakup by Material
  • Cotton
  • Chemical
  • Wool
  • Silk
  • Others
Breakup by Product Type
  • Natural Fibres
  • Polyester
  • Nylon
  • Others
Breakup by Application
  • Household
  • Technical
  • Fashion and Clothing
  • Others
Breakup by Region
  • Brazil
  • Mexico
  • Argentina
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Protela S.A
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    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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