The market is dominated by foreign suppliers, as imports account for 93.6% of total market size in 2022. Households drive market demand, with household spending representing 60.3% of total demand in 2022. Mexico has the fourth largest market size for knitted and crocheted articles regionally, with demand reaching USD2.0 billion in 2022. The total number of companies decreases in 2022, to 17,590 units. The costs of the industry increase by 12.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 54.1% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 88.3% of total production output. With production value of USD1.0 billion, Mexico accounts for 6.6% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Mexico: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Mexico: ISIC 173 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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