Mexico: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Mexico

The Mexican market for nets of twine, cordage, rope or textile materials stood at $X in 2022, with an increase of 2.9% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Twine, cordage or textile net consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Mexico

In value terms, twine, cordage or textile net production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. Twine, cordage or textile net production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Mexico

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were exported from Mexico; increasing by 12% compared with 2021. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +23.1% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by 24%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports expanded markedly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for twine, cordage or textile net exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +4.4%.

In value terms, the United States ($X) also remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of 2% against the previous year. In general, the export price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of 8.4%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.7% per year.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Mexico

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were imported into Mexico; growing by 16% compared with 2021 figures. Overall, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports soared to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest twine, cordage or textile net supplier to Mexico, accounting for a 49% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+5.1% per year) and South Korea (+24.9% per year).

In value terms, China ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to Mexico, comprising 39% of total imports. The second position in the ranking was taken by Peru ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+5.1% per year) and the United States (-3.7% per year).

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price saw moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 243% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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