Mexico: Sewing Thread Market 2024

Sewing Thread Market Size in Mexico

The Mexican sewing thread market dropped modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a abrupt downturn. Sewing thread consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Mexico

In value terms, sewing thread production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Sewing Thread Exports

Exports from Mexico

Sewing thread exports from Mexico expanded modestly to X tons in 2022, surging by X% on the year before. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sewing thread exports stood at $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sewing thread exports from Mexico, accounting for a X% share of total exports. Moreover, sewing thread exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), sixfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Canada (X% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a tangible expansion. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras ($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 El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Mexico

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were imported into Mexico; reducing by X% on the previous year. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports shrank modestly to $X in 2022. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sewing thread to Mexico, accounting for a X% share of total imports. Moreover, sewing thread imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Mexico, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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