Report Update Nov 1, 2024

Mexico - Yarn of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Woolen Yarn Market 2024

Woolen Yarn Market Size in Mexico

The Mexican woolen yarn market reduced to $X in 2021, shrinking by -3.3% against the previous year. In general, consumption, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 6.6%. Woolen yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Mexico

In value terms, woolen yarn production contracted to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 18% against the previous year. Woolen yarn production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Woolen Yarn Exports

Exports from Mexico

In 2021, exports of yarn of wool from Mexico reduced remarkably to X tons, with a decrease of -37.1% on the previous year's figure. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 532%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, woolen yarn exports fell notably to $X in 2021. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 933% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for woolen yarn exports from Mexico, accounting for a 95% share of total exports. Moreover, woolen yarn exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -8.3%.

In value terms, the United States ($X) remains the key foreign market for yarn of wool exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -9.3%.

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, picking up by 4.7% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 91%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.0%).

Woolen Yarn Imports

Imports into Mexico

In 2021, the amount of yarn of wool imported into Mexico fell to X tons, declining by -4.4% compared with 2020 figures. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 80% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, woolen yarn imports expanded rapidly to $X in 2021. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by 79%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of woolen yarn imports to Mexico, together accounting for 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +55.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Spain ($X) and Italy ($X) constituted the largest woolen yarn suppliers to Mexico, together comprising 64% of total imports. These countries were followed by Portugal, the United States, the Czech Republic, Canada, Japan and China, which together accounted for a further 29%.

Portugal, with a CAGR of +37.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, picking up by 11% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?

The countries with the highest volumes of woolen yarn consumption in 2020 were China, India and Italy, together accounting for 42% of global consumption.

What are the largest producers of yarn of wool in the world?

China remains the largest woolen yarn producing country worldwide, accounting for 26% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India, twofold. Italy ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of yarn of wool to Mexico?

In value terms, the United States constituted the largest supplier of woolen yarn to Mexico, comprising 61% of total imports. The second position in the ranking was occupied by Italy, with a 17% share of total imports. It was followed by China, with an 8.5% share.

What are the leading importers of yarn of wool from Mexico?

In value terms, the United States remains the key foreign market for woolen yarn exports from Mexico.

What is the average export price for yarn of wool in Mexico?

In 2020, the average woolen yarn export price amounted to $24,964 per ton, increasing by 8.1% against the previous year.

What is the average import price for yarn of wool in Mexico?

In 2020, the average woolen yarn import price amounted to $19,243 per ton, declining by -5.7% against the previous year.

This report provides an in-depth analysis of the woolen yarn 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 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

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