Latin America and the Caribbean: Bedspread Market 2024

Bedspread Market Size in Latin America and the Caribbean

The Latin American bedspread market expanded slightly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Bedspread Production in Latin America and the Caribbean

In value terms, bedspread production rose to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2023.

Bedspread Exports

Exports in Latin America and the Caribbean

In 2023, approx. X units of bedspreads (excluding eiderdowns) were exported in Latin America and the Caribbean; which is down by X% compared with the year before. In general, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X units. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, bedspread exports dropped notably to $X in 2023. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units) and Chile (X units) were the largest exporters of bedspreads (excluding eiderdowns) in 2023, reaching approx. X% and X% of total exports, respectively. Mexico (X units) took the next position in the ranking, followed by Panama (X units) and Brazil (X units). All these countries together took approx. X% share of total exports. Peru (X units) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Chile ($X) remains the largest bedspread supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Chile, bedspread exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Bedspread Imports

Imports in Latin America and the Caribbean

In 2023, supplies from abroad of bedspreads (excluding eiderdowns) increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, bedspread imports dropped significantly to $X in 2023. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Chile prevails in imports structure, amounting to X units, which was near X% of total imports in 2023. It was distantly followed by Guyana (X units) and Peru (X units), together mixing up a X% share of total imports. Colombia (X units), Jamaica (X units), Guatemala (X units), Costa Rica (X units), Mexico (X units), Venezuela (X units) and Brazil (X units) held a relatively small share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Guatemala (X%), Guyana (X%), Jamaica (X%), Costa Rica (X%) and Peru (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%), Mexico (X%), Venezuela (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Chile, Guyana, Guatemala, Jamaica and Peru increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported bedspreads (excluding eiderdowns) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Chile stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform