Report Update: Apr 1, 2024

Mexico - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Knitted Fabric Price in Mexico - 2023

Knitted Fabric Price in Mexico (CIF) - 2022

The average knitted fabric import price stood at $4,450 per ton in 2021, shrinking by -3.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by 3% against the previous year. The import price peaked at $6,465 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,769 per ton), while the price for China ($2,714 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Honduras (+21.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Knitted Fabric Price in Mexico (FOB) - 2023

In June 2023, the average knitted fabric export price amounted to $24,671 per ton, picking up by 17% against the previous month. In general, the export price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in November 2022 when the average export price increased by 42% month-to-month. Over the period under review, the average export prices attained the peak figure at $39,271 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -3.6% per month.

Knitted Fabric Imports in Mexico

In 2022, approx. 126K tons of knitted or crocheted fabrics were imported into Mexico; declining by -15.3% on the year before. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 44%.

In value terms, knitted fabric imports declined to $569M in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 39%.

Import of Knitted Fabric in Mexico (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	360	254	403	5.8%
United States	195	144	180	-3.9%
Honduras	29.2	18.5	27.0	-3.8%
Others	83.8	60.4	52.4	-20.9%
Total	668	477	662	-0.5%

Top Suppliers of Knitted Fabric to Mexico in 2022:

China (148.3K tons)
United States (10.7K tons)
Honduras (3.5K tons)

Knitted Fabric Exports in Mexico

In 2022, after two years of decline, there was growth in shipments abroad of knitted or crocheted fabrics, when their volume increased by 1.8% to 2K tons. Over the period under review, exports, however, saw a deep downturn.

In value terms, knitted fabric exports dropped modestly to $39M in 2022. Overall, exports, however, recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 9.8%.

Export of Knitted Fabric in Mexico (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United States	27.9	26.3	34.8	11.7%
El Salvador	1.3	1.3	2.7	44.1%
Colombia	3.1	2.4	1.2	-37.8%
Guatemala	0.9	0.2	1.0	5.4%
Nicaragua	0.5	1.9	0.4	-10.6%
Haiti	11.9	3.7	N/A	-68.9%
Peru	0.7	N/A	N/A	0%
Others	3.7	1.1	0.3	-71.5%
Total	50.0	36.9	40.5	-10.0%

Top Export Markets for Knitted Fabric from Mexico in 2022:

United States (4.4K tons)
El Salvador (1.0K tons)
Guatemala (0.3K tons)
Colombia (0.2K tons)
Nicaragua (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)

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