The import of needleloom felt and stitchbonded fiber fabric to Mexico has seen varying trends over the past decade. From 2013 to 2023, the value increased from 4.7208 million kilograms to 6.9739 million kilograms. Significant year-on-year variations include a drop in 2016 by -1.55%, a recovery in 2021 with a 22.08% increase, and stability in recent years with 1.28% growth in 2022 and 1.24% in 2023. The compound annual growth rate (CAGR) over the last five years stood at 1.33% by 2023.
Looking forward, imports are forecasted to continue growing, reaching 7.4212 million kilograms by 2028 with a 0.98% five-year CAGR. Factors to watch include shifts in global supply chains and trade policies influencing import dynamics, as well as technological advancements in fabric production affecting demand.
- Consistent growth trend since 2018.
- Significant drop in 2020 due to global disruptions.
- Gradual recovery post-2020 with moderate growth rates.
