The market is dominated by foreign suppliers, as imports account for 75.5% of total market size in 2022. Households drive market demand, with household spending representing 66.3% of total demand in 2022. Mexico has the second largest market size for made-up textile articles regionally, with demand reaching USD1.2 billion in 2022. Grupo Textil Providencia SA de CV is the largest company in Mexico, generating 3.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 13.1% of total production value in 2022. The total number of companies decreases in 2022, to 46,534 units. The costs of the industry increase by 5.7% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 27.8% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 87.0% of total production output. With production value of USD1.9 billion, Mexico accounts for 32.5% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Made-up Textile Articles in Mexico: ISIC 1721. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Made-up Textile Articles in Mexico: ISIC 1721 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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