The market is dominated by foreign suppliers, as imports account for 82.5% of total market size in 2022. Households drive market demand, with household spending representing 64.7% of total demand in 2022. Mexico has the third largest market size for carpets and rugs regionally, with demand reaching USD383 million in 2022. Tejidos Hermes SA de CV is the largest company in Mexico, generating 40.7% of the industry’s total production value in 2022. The industry is concentrated, with the top four companies generating 89.3% of total production value in 2022. The total number of companies increases in 2022, to 2,407 units. The costs of the industry increase by 1.2% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 41.3% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 63.5% of total production output. With production value of USD105 million, Mexico accounts for 8.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in Mexico: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in Mexico: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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