Mexico's textile exports to Saudi Arabia fluctuated significantly between 2013 and 2023. The exports peaked in 2015 at $373.4K but saw a sharp decline subsequently. As of 2023, exports stood at $102.33K. The year-on-year variation for the last two years showed a decline of 3.08% in 2022 and 3.11% in 2023. The last five-year CAGR indicates a reduction of 2.91%, forecasting a downtrend in the near future.
Future trends to watch for:
- Potential recovery in demand post-2028.
- Impact of economic or trade policies between Mexico and Saudi Arabia.
- Global textile market stability influencing export volumes.
