Mexico: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Mexico

For the fourth year in a row, the Mexican man-made filament yarn market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Man-made filament yarn consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Mexico

In value terms, man-made filament yarn production shrank slightly to $X in 2022 estimated in export price. In general, production saw a pronounced reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Mexico

In 2022, shipments abroad of man-made filament yarn increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports declined to $X in 2022. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for man-made filament yarn exports from Mexico, accounting for a X% share of total exports. Moreover, man-made filament yarn exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) remains the key foreign market for man-made filament yarn exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Yarn Imports

Imports into Mexico

In 2022, supplies from abroad of man-made filament yarn was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports reduced to $X in 2022. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest man-made filament yarn supplier to Mexico, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, the largest man-made filament yarn suppliers to Mexico were the United States ($X) and China ($X).

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average man-made filament yarn import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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