Mexico: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Mexico

The Mexican narrow woven fabric market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Narrow Woven Fabric Production in Mexico

In value terms, narrow woven fabric production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. Narrow woven fabric production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Mexico

In 2021, overseas shipments of narrow woven fabrics increased by 0.3% to X tons, rising for the third year in a row after five years of decline. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, narrow woven fabric exports declined modestly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped in the following year.

Exports by Country

The United States (X tons) was the main destination for narrow woven fabric exports from Mexico, with a 88% share of total exports. Moreover, narrow woven fabric exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for narrow woven fabrics exports from Mexico, comprising 87% of total exports. The second position in the ranking was held by El Salvador ($X), with a 9.2% share of total exports.

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

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, falling by -5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.7%).

Narrow Woven Fabric Imports

Imports into Mexico

In 2021, approx. X tons of narrow woven fabrics were imported into Mexico; jumping by 33% compared with 2020. Over the period under review, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports stood at $X in 2021. Overall, imports, however, saw a pronounced reduction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest narrow woven fabric supplier to Mexico, accounting for a 71% share of total imports. Moreover, narrow woven fabric imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Canada (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.2% per year) and Canada (-13.3% per year).

In value terms, the largest narrow woven fabric suppliers to Mexico were the United States ($X), Canada ($X) and China ($X), with a combined 79% share of total imports. These countries were followed by Germany, Japan, Thailand and Brazil, which together accounted for a further 9.7%.

Among the main suppliers, Thailand, with a CAGR of +37.6%, 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 more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, waning by -19.1% against the previous year. Overall, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 74%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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