Mexico: Man-Made Filament Fabric Market 2025

Man-Made Filament Fabric Market Size in Mexico

The Mexican man-made filament fabric market soared to $X in 2021, rising by 26% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Man-Made Filament Fabric Production in Mexico

In value terms, man-made filament fabric production contracted to $X in 2021 estimated in export price. Overall, production saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.3%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Man-Made Filament Fabric Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in overseas shipments of woven fabrics of man-made filaments and staple fibers, which increased by 39% to X tons in 2021. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 45% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, man-made filament fabric exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 14% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for man-made filament fabric exports from Mexico, with a 74% share of total exports. Moreover, man-made filament fabric exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), fivefold. Guatemala (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+38.5% per year) and Guatemala (+11.8% per year).

In value terms, the United States ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Mexico, comprising 74% of total exports. The second position in the ranking was held by El Salvador ($X), with an 11% share of total exports. It was followed by Guatemala, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+31.9% per year) and Guatemala (+4.6% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, shrinking by -22.1% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Mexico

Man-made filament fabric imports into Mexico surged to X tons in 2021, jumping by 45% compared with 2020 figures. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 112%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, man-made filament fabric imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild decline. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main man-made filament fabric supplier to Mexico, with a 118% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.1% per year) and Taiwan (Chinese) (-10.8% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) constituted the largest man-made filament fabric suppliers to Mexico, together accounting for 88% of total imports.

In terms of the main suppliers, China, with a CAGR of -0.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, reducing by -12.2% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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