The market is dominated by foreign suppliers, as imports account for 51.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 86.8% of total demand in 2022. Mexico has the second largest market size for spinning of textile fibres; weaving of textiles regionally, with demand reaching USD5.6 billion in 2022. Fitesa Nonwovens Mexico SA de CV is the largest company in Mexico, generating 3.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 11.4% of total production value in 2022. The total number of companies decreases in 2022, to 34,677 units. The costs of the industry increase by 13.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 21.6% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 22.1% of total production output. With production value of USD2.9 billion, Mexico accounts for 19.3% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Spinning of Textile Fibres; Weaving of Textiles in Mexico: ISIC 1711. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spinning of Textile Fibres; Weaving of Textiles in Mexico: ISIC 1711 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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