Report Update Nov 1, 2024

Mexico - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Mexico

The Mexican sewing machine needle market dropped to $X in 2022, reducing by -2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Exports

Exports from Mexico

Sewing machine needle exports from Mexico contracted remarkably to X units in 2022, shrinking by -70.2% against the previous year. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2018 with an increase of 191% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sewing machine needle exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 119%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for sewing machine needle exports from Mexico, accounting for a 87% share of total exports. Moreover, sewing machine needle exports to the United States exceeded the volume sent to the second major destination, Cuba (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -19.7%.

In value terms, the United States ($X) remains the key foreign market for sewing machine needles exports from Mexico, comprising 86% of total exports. The second position in the ranking was held by Cuba ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -20.7%.

Export Prices by Country

The average sewing machine needle export price stood at $X per thousand units in 2022, with an increase of 31% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per thousand units), while the average price for exports to the United States totaled $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Machine Needle Imports

Imports into Mexico

In 2022, imports of sewing machine needles into Mexico soared to X units, increasing by 26% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sewing machine needle imports fell markedly to $X in 2022. In general, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X units), China (X units) and the Czech Republic (X units) were the main suppliers of sewing machine needle imports to Mexico, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), India ($X) and Vietnam ($X) appeared to be the largest sewing machine needle suppliers to Mexico, together accounting for 82% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +19.7%, saw the highest growth rate of 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 sewing machine needle import price stood at $X per thousand units in 2022, with a decrease of -33.3% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 21%. Over the period under review, average import prices attained the maximum at $X per thousand units in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing machine needles in the world?

The Czech Republic remains the largest sewing machine needle consuming country worldwide, accounting for 69% of total volume. Moreover, sewing machine needle consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold. The third position in this ranking was occupied by Bulgaria, with a 3% share.

What are the largest producers of sewing machine needles in the world?

The countries with the highest volumes of in 2021 were Vietnam, India and the Czech Republic, with a combined 64% share of global production. South Korea, Singapore, Germany and China lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of sewing machine needles to Mexico?

In value terms, the largest sewing machine needle suppliers to Mexico were India, the Czech Republic and Vietnam, together accounting for 87% of total imports.

What are the leading importers of sewing machine needles from Mexico?

In value terms, the United States and Cuba were the largest markets for sewing machine needle exported from Mexico worldwide.

What is the average export price for sewing machine needles in Mexico?

In 2021, the average sewing machine needle export price amounted to $270 per unit, jumping by 431% against the previous year.

What is the average import price for sewing machine needles in Mexico?

In 2021, the average sewing machine needle import price amounted to $119 per unit, with an increase of 84% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023