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Historical Year
Forecast Year
The textile market in Mexico is projected to grow at a CAGR of 5.4% between 2024 and 2032. The market is being driven by the growing availability of cheap and highly skilled labour in Mexico.
Mexico Textile Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.4% |
CAGR 2024-2032 - Market by Region | Central Mexico | 6.2% |
CAGR 2024-2032 - Market by Region | Northern Mexico | 5.6% |
CAGR 2024-2032 - Market by Type | Chemical | 6.1% |
CAGR 2024-2032 - Market by Application | Technical | 5.9% |
Market Share by Region | The Bajío | 21.4% |
Increased consumer spending on fashion, apparel, and home textile is contributing to the growth of the Mexico textile market. The rise of the middle class in the country as well as increasing disposable income further boost market growth. Moreover, competitive labour cost in the country allows companies to produce textile at more economical rate compared to other countries.
The close proximity of Mexico to the United States is a key trend in Mexico textile market as it offers the country access to one of the largest consumer markets in the world. The availability of skilled workforce in the country who have expertise in textile production is another crucial trend aiding the market expansion.
As per the Mexico textile market dynamics and trends, in April 2022, Mexico announced that it has raised import duties to 544 tariff lines in the range of 5% and 50% for two years. Textile is one of the major products for which the import duty has been increased in the country.
As per the Mexico textile industry analysis, free trade agreements such as NAFTA have made Mexico an increasingly attractive destination for many American textile manufacturing companies. This is because Mexico’s strategic location has made it easier for companies to export their products to the USA. Due to reduced shipping costs, short turnaround timelines, and shortened supply chains, multiple logistical challenges attributed to high oil prices have been removed. Moreover, the growing trend of nearshoring is contributing to the market development.
The availability of cheap and highly skilled labour is also contributing to the market expansion. This can be attributed to the numerous education programmes run by the manufacturing industry, which enables Mexican workers to specialise in the nuances of producing leather goods, seat covers, airbags, and other textile products. Moreover, the average rate of hiring cheap labour in Mexico is $4.75/hour, which is $0.76 lower than the labour cost of other countries such as China. This is expected to contribute to the growth of the Mexico textile industry. The increasing focus of Mexican textile manufacturers on carving a special niche for themselves is expected to drive the market growth as consumer demand for high-quality garments increases.
As per the USDA estimates, the cotton production in the country in the marketing year of 2024-25 is expected to be 0.91 million 480-lb bales. Furthermore, the trade exchange of silk was USD 4.67 million in Mexico in 2023. Ciudad de México and Estado de México were the two states with most purchase of silk in 2023, which was expected to aid the Mexico textile industry revenue.
The key players in the Textile Market in Mexico include Aztlan Textil SA de CV, Parkdale, Incorporated, Citosa Textiles SA de CV, Novalan S.A. de C.V., GRUPO TEXTIL ALTEX, S.A. DE C.V., TURBO YARN SA DE CV, and Anglés Textil S.A.
Mexico Textile Industry Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Central Mexico | 6.2% |
Northern Mexico | 5.6% |
Yucatan Peninsula | 4.3% |
Baja California | XX% |
The Bajío | XX% |
Pacific Coast | XX% |
The key Mexico textile industry players are Aztlan Textil SA de CV, Parkdale, Incorporated, Citosa Textiles SA de CV, CS Tech Contract Manufacturing, Novalan, S.A. de C.V., GRUPO TEXTIL ALTEX, S.A. DE C.V., TURBO YARN SA DE CV, Cottonella, TEXPERT, SA de CV, and Anglés Textil S.A., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The different materials used in making textiles include cotton, chemical, wool, and silk, among others.
The different product types include natural fibres, polyester, and nylon, among others.
The different applications of textiles are household, technical, and fashion and clothing, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Aztlan Textil SA de CV, Parkdale, Incorporated, Citosa Textiles SA de CV, CS Tech Contract Manufacturing, Novalan, S.A. de C.V., GRUPO TEXTIL ALTEX, S.A. DE C.V., TURBO YARN SA DE CV, Cottonella, TEXPERT, SA de CV, and Anglés Textil S.A., among others.
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