Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in Mexico - 2023

Contents:

  1. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (FOB) - 2023
  2. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (CIF) - 2023
  3. Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico
  4. Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (FOB) - 2023

In September 2023, the average export price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds amounted to $9.0 per pair, stabilizing at the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 6.1% month-to-month. Over the period under review, the average export prices reached the peak figure at $9.3 per pair in November 2022; however, from December 2022 to September 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 September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -0.2% per month.

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (CIF) - 2023

In October 2023, the average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds amounted to $8.0 per pair, standing approximately at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 6.7% against the previous month. Over the period under review, average import prices reached the maximum at $8.0 per pair in February 2023; afterwards, it flattened through to October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($8.0 per pair), while the price for China ($8.0 per pair) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico

In 2022, approx. 2M pairs of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds were exported from Mexico; which is down by -9.8% compared with the year before. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 2.2M pairs, and then contracted in the following year.

In value terms, exports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds fell to $19M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of $20M, and then contracted in the following year.

Export of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16.115.619.918.75.1%
OthersN/A0.2N/AN/A0%
Total16.115.819.918.75.1%

Top Export Markets for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted from Mexico in 2022:

  1. United States (2.0M pairs)

Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico

In 2022, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds into Mexico skyrocketed to 869K pairs, increasing by 50% compared with the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds soared to $6.5M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +91.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.82.13.15.726.7%
China0.50.71.00.66.3%
Colombia0.20.20.30.20.0%
Myanmar1.20.3N/AN/A-75.0%
Others0.30.10.2N/A-18.4%
Total4.93.44.66.59.9%

Top Suppliers of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted to Mexico in 2022:

  1. United States (758.9K pairs)
  2. China (80.6K pairs)
  3. Colombia (23.2K pairs)

Source: IndexBox Market Intelligence Platform

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