Mexico: Artificial Staple Fibre Market 2025

Artificial Staple Fibre Market Size in Mexico

In 2021, after two years of growth, there was significant decline in the Mexican artificial staple fibre market, when its value decreased by -17.9% to $X. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.8% against 2018 indices. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Artificial Staple Fibre Production in Mexico

In value terms, artificial staple fibre production contracted dramatically to $X in 2021 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +45.9% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Artificial Staple Fibre Exports

Exports from Mexico

For the third consecutive year, Mexico recorded decline in shipments abroad of artificial staple fibres, which decreased by -20.1% to X kg in 2021. In general, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 173% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, artificial staple fibre exports declined to $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 232%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X kg) was the main destination for artificial staple fibre exports from Mexico, accounting for a 86% share of total exports. Moreover, artificial staple fibre exports to Honduras exceeded the volume sent to the second major destination, Guatemala (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Honduras amounted to -19.3%.

In value terms, Honduras ($X) remains the key foreign market for artificial staple fibres exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Honduras stood at -11.5%.

Export Prices by Country

The average artificial staple fibre export price stood at $X per ton in 2021, surging by 7.2% against the previous year. Overall, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Honduras ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+9.7%).

Artificial Staple Fibre Imports

Imports into Mexico

In 2021, supplies from abroad of artificial staple fibres was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 2,785% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, artificial staple fibre imports surged to $X in 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,044% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest artificial staple fibre supplier to Mexico, with a 44% share of total imports. Moreover, artificial staple fibre imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+52.8% per year) and Spain (+50.8% per year).

In value terms, Italy ($X), the United States ($X) and Spain ($X) appeared to be the largest artificial staple fibre suppliers to Mexico, with a combined 77% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +41.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average artificial staple fibre import price stood at $X per ton in 2021, reducing by -38.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 61%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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