The import of knit or crochet fabric of manmade fibers to Mexico has shown a significant upward trend from 2013 to 2023, standing at 129.46 million kilograms in 2023. The period experienced fluctuations with a peak in 2021 and a decline in 2020 due to market conditions. Notably, the year-on-year variation was 3.78% in 2023, signaling continued growth, although slower than in previous years. The last 5-year CAGR up to 2023 was 4.29%, indicating steady growth. Future projections from 2024 to 2028 forecast a moderate CAGR of 2.73%, suggesting a more stable yet sustained increase in imports.
Future trends to watch for:
- Global supply chain stability impacting import volumes.
- Market demand driven by fashion and textile industries.
- Regulatory changes in trade policies.
- Innovations in manmade fiber technologies.
