Mexico: Net Fabric Market 2024

Net Fabric Market Size in Mexico

The Mexican net fabric market expanded remarkably to $X in 2022, surging by 6.4% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Net Fabric Production in Mexico

In value terms, net fabric production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Net Fabric Exports

Exports from Mexico

For the tenth consecutive year, Mexico recorded decline in overseas shipments of tulles and other net fabrics, which decreased by -98.4% to X kg in 2022. In general, exports recorded a sharp decrease. The smallest decline of -0.7% was in 2013. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, net fabric exports fell markedly to $X in 2022. Over the period under review, exports showed a sharp slump. The smallest decline of -1.2% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for net fabric exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -51.0%.

In value terms, the United States ($X) also remains the key foreign market for tulles and other net fabrics exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -50.8%.

Export Prices by Country

In 2022, the average net fabric export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, net fabric export price increased by +100.8% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 61%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 +0.3% per year.

Net Fabric Imports

Imports into Mexico

In 2022, supplies from abroad of tulles and other net fabrics decreased by -4.5% to X tons, falling for the third consecutive year after two years of growth. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 64% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, net fabric imports shrank to $X in 2022. In general, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2016 when imports increased by 21% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of net fabric to Mexico, accounting for a 91% share of total imports. Moreover, net fabric imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.8% per year) and South Korea (-29.2% per year).

In value terms, China ($X) constituted the largest supplier of tulles and other net fabrics to Mexico, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.0% per year) and South Korea (-28.0% per year).

Import Prices by Country

In 2022, the average net fabric import price amounted to $X per ton, dropping by -2% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, net fabric import price decreased by -2.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 61%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Indonesia (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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