Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico - 2023

Contents:

  1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (CIF) - 2023
  2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (FOB) - 2023
  3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico
  4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (CIF) - 2023

The average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $4,796 per ton in October 2023, which is down by -3.4% against the previous month. Over the last eleven months, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in June 2023 when the average import price increased by 14% m-o-m. Over the period under review, average import prices hit record highs at $4,966 per ton in September 2023, and then reduced in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was China ($5,379 per ton), while the price for the United States stood at $2,924 per ton.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (FOB) - 2023

The average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $2,157 per ton in October 2023, reducing by -30.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 39% against the previous month. As a result, the export price reached the peak level of $3,529 per ton. From July 2023 to October 2023, the the average export prices remained at a lower figure.

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

From November 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico

In 2022, the amount of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses imported into Mexico rose rapidly to 16K tons, picking up by 7.5% against the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 161%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses totaled $51M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Import of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25.025.532.734.811.7%
United States13.611.813.113.0-1.5%
Others3.23.32.53.53.0%
Total41.840.748.451.37.1%

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Mexico in 2022:

  1. United States (10.1K tons)
  2. China (5.6K tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico

For the fourth consecutive year, Mexico recorded growth in overseas shipments of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses, which increased by 2.5% to 6.9K tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 326%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses surged to $15M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9.210.612.214.917.4%
Others0.50.60.30.50.0%
Total9.711.212.515.416.7%

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Mexico in 2022:

  1. United States (6.9K tons)

Source: IndexBox Market Intelligence Platform

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