The import of woven fabrics of artificial staple fibers to Mexico has experienced significant fluctuations over the past decade. In 2013, imports stood at 23.241 million USD. By 2023, this value had increased steadily to 46.834 million USD. Notably, the imports dropped by 19.1% in 2014 but rebounded with a 48.61% increase in 2015. Post-2015, the market generally showed growth, including a particularly substantial 21.34% increase in 2018. Despite a decline of 14.39% in 2020 due to global disruptions, the sector recovered with a 24.08% rise in 2021.
Year-on-year variation for 2022 stood at 2.84%, and for 2023, it was 2.71%. The last five years CAGR up to 2023 was 1.74%. Looking ahead, the forecast indicates a steady growth with a 5-year CAGR of 2.03%, predicting the import value will reach 53.289 million USD by 2028.
Future trends to watch for include potential impacts from global trade policies, advances in fabric technologies, and the shifting dynamics of domestic production versus import preferences in Mexico. Additionally, environmental considerations and consumer preferences for sustainable materials might greatly influence market behavior.
