Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (FOB) - 2023
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $62 per unit, falling by -9.6% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 67%. The import price peaked at $467 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($85 per unit), while the price for China ($33 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-19.7%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (FOB) - 2023
In December 2023, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $75.9 per unit, waning by -10.3% against the previous month. In general, the export price, however, showed a pronounced expansion. The growth pace was the most rapid in August 2023 when the average export price increased by 5% month-to-month. The export price peaked at $84.6 per unit in November 2023, and then shrank in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +3.6% per month.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico
Imports of articles of apparel and clothing accessories, of leather or of composition leather into Mexico soared to 875K units in 2022, rising by 48% on the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $55M in 2022. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 14.3 | 9.5 | 9.8 | 14.4 | 0.2% |
| China | 15.2 | 10.1 | 11.2 | 12.8 | -5.6% |
| India | 7.6 | 5.4 | 7.3 | 9.8 | 8.8% |
| Spain | 4.5 | 2.7 | 3.7 | 4.7 | 1.5% |
| Indonesia | 1.7 | 1.5 | 2.1 | 4.5 | 38.3% |
| Pakistan | 2.2 | 2.3 | 2.6 | 3.8 | 20.0% |
| Vietnam | 1.1 | 0.8 | 1.1 | 1.0 | -3.1% |
| Others | 5.1 | 3.3 | 2.9 | 3.7 | -10.1% |
| Total | 51.8 | 35.8 | 40.8 | 54.7 | 1.8% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Mexico in 2022:
- China (389.3K units)
- Italy (168.1K units)
- India (114.4K units)
- Spain (55.3K units)
- Indonesia (52.4K units)
- Pakistan (44.2K units)
- Vietnam (11.8K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico
For the fourth consecutive year, Mexico recorded growth in shipments abroad of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 18% to 665K units in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 78%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather soared to $50M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.6 | 24.1 | 35.9 | 47.5 | 17.1% |
| Italy | 1.8 | 1.3 | 0.6 | 0.4 | -39.4% |
| El Salvador | 0.1 | 1.1 | 0.2 | 0.2 | 26.0% |
| France | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Japan | 0.4 | 0.3 | 0.1 | 0.1 | -37.0% |
| Others | 3.5 | 3.4 | 1.6 | 1.6 | -23.0% |
| Total | 35.7 | 30.6 | 38.5 | 49.8 | 11.7% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Mexico in 2022:
- United States (619.5K units)
- El Salvador (7.4K units)
- Italy (5.2K units)
- France (3.3K units)
- Japan (2.6K units)
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