Mexico: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Mexico

The Mexican man-made filament fabric market surged to $X in 2022, growing by X% against the previous year. In general, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Man-Made Filament Fabric Production in Mexico

In value terms, man-made filament fabric production stood at $X in 2022 estimated in export price. In general, production, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Mexico

For the fourth consecutive year, Mexico recorded growth in shipments abroad of woven fabrics of man-made filaments and staple fibers, which increased by X% to X square meters in 2022. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, man-made filament fabric exports skyrocketed to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for man-made filament fabric exports from Mexico, accounting for a X% share of total exports. Moreover, man-made filament fabric exports to the United States exceeded the volume sent to the second major destination, El Salvador (X square meters), fivefold. Guatemala (X square meters) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Guatemala (X% per year).

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

From 2012 to 2021, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, which is down by X% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Belize ($X per square meter) was amongst the lowest.

From 2012 to 2021, 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.

Man-Made Filament Fabric Imports

Imports into Mexico

Man-made filament fabric imports into Mexico surged to X square meters in 2022, increasing by X% compared with 2021. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, man-made filament fabric imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X square meters) was the main supplier of man-made filament fabric to Mexico, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest man-made filament fabric suppliers to Mexico were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average man-made filament fabric import price stood at $X per square meter in 2021, declining by X% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Source: IndexBox Platform

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