Mexico: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in Mexico

The Mexican pile and chenille fabric market amounted to $X in 2021, stabilizing at the previous year. In general, consumption saw a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Mexico

In value terms, pile and chenille fabric production soared to $X in 2021 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Mexico

In 2021, the amount of woven pile fabrics and chenille fabrics exported from Mexico reduced to X tons, which is down by -X% against the previous year's figure. Over the period under review, exports saw a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports dropped slightly to $X in 2021. Overall, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for pile and chenille fabric exports from Mexico, with a X% share of total exports. Moreover, pile and chenille fabric exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for pile and chenille fabric exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -X%.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, growing by X% against the previous year. Overall, the export price, however, recorded a noticeable contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Mexico

In 2021, purchases abroad of woven pile fabrics and chenille fabrics decreased by -X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, pile and chenille fabric imports reduced dramatically to $X in 2021. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to Mexico, with a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Italy (+X% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) were the largest pile and chenille fabric suppliers to Mexico, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +X%, saw 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 pile and chenille fabric import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached 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 2021, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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