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Mexico - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jan 29, 2024

Mexico's Imports of Sewing Machine Needles Reach $662K in October 2023

Mexico Sewing Machine Needle Imports

In October 2023, supplies from abroad of sewing machine needles increased by 216% to 33M units for the first time since July 2023, thus ending a two-month declining trend. Overall, imports, however, saw a noticeable decrease. Imports peaked at 57M units in October 2022; however, from November 2022 to October 2023, imports remained at a lower figure.

In value terms, sewing machine needle imports skyrocketed to $662K (IndexBox estimates) in October 2023. Over the period under review, imports posted notable growth. Imports peaked at 1M units in June 2023; however, from July 2023 to October 2023, imports remained at a lower figure. Mexico Sewing Machine Needle Imports By Country (USD)

COUNTRY	Import Value of Sewing Machine Needle in Mexico (USD)
COUNTRY	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023
India	220,680	409,789	23,421	372,039	N/A	N/A	N/A	N/A	594,534	299,304	N/A	N/A	307,146
Czech Republic	111,975	192,219	72,202	182,420	123,840	143,108	23,854	163,277	184,797	148,623	159,439	25,434	163,416
Vietnam	132,692	157,125	25,824	164,109	62,288	87,354	26,382	170,056	194,080	157,932	142,937	37,754	160,949
United States	5,897	15,269	3,476	5,903	9,078	10,007	34,051	10,088	16,828	6,249	13,481	13,794	12,107
Germany	16,716	6,931	10,267	16,938	7,666	10,530	31,937	10,894	8,331	14,890	15,772	6,912	4,770
China	7,803	7,029	140,853	8,876	15,799	19,644	12,507	7,106	3,769	4,773	5,425	10,701	1,913
Taiwan (Chinese)	2,091	N/A	1,417	N/A	N/A	47,650	N/A	40,248	N/A	40,851	60,021	8,618	N/A
Others	19,333	28,710	9,917	20,012	12,273	41,260	31,959	17,599	23,183	17,318	9,910	12,845	11,832
Total	517,187	817,072	287,377	770,297	230,944	359,553	160,690	419,268	1,025,522	689,940	406,985	116,058	662,133

Imports by Country

Vietnam (12M units), India (12M units) and the Czech Republic (6.1M units) were the main suppliers of sewing machine needle imports to Mexico, together accounting for 90% of total imports. These countries were followed by the United States, China and Germany, which together accounted for a further 9%.

From October 2022 to October 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +24.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($307K), the Czech Republic ($163K) and Vietnam ($161K) appeared to be the largest sewing machine needle suppliers to Mexico, together comprising 95% of total imports. the United States, Germany and China lagged somewhat behind, together comprising a further 2.8%.

the United States, with a CAGR of +6.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In October 2023, the sewing machine needle price stood at $19.8 per thousand units (CIF, Mexico), with an increase of 81% against the previous month. Overall, the import price recorded a remarkable increase. The growth pace was the most rapid in March 2023 an increase of 183% month-to-month. The import price peaked at $32.4 per thousand units in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Czech Republic ($27.0 per thousand units), while the price for China ($2.0 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing machine needle market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Mexico - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights

Mexico's Imports of Sewing Machine Needles Reach $662K in October 2023

Mexico Sewing Machine Needle Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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