Mexico: Cotton Yarn Market 2024

Cotton Yarn Market Size in Mexico

The Mexican cotton yarn market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a pronounced curtailment. Cotton yarn consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cotton Yarn Production in Mexico

In value terms, cotton yarn production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cotton Yarn Exports

Exports from Mexico

Cotton yarn exports from Mexico shrank markedly to X tons in 2022, with a decrease of X% against 2021. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports dropped to $X in 2022. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons), Honduras (X tons) and the United States (X tons) were the main destinations of cotton yarn exports from Mexico, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cotton yarn exported from Mexico were Honduras ($X), the United States ($X) and El Salvador ($X), with a combined X% share of total exports.

El Salvador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cotton yarn export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton yarn export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into Mexico

In 2022, approx. X tons of cotton yarn were imported into Mexico; which is down by X% against the year before. In general, imports showed a precipitous setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton yarn imports reduced remarkably to $X in 2022. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of cotton yarn to Mexico, with a X% share of total imports. Moreover, cotton yarn imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cotton yarn to Mexico, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Spain (X% per year).

Import Prices by Country

The average cotton yarn import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :