Flax Fabric Market in Mexico
Market Overview
In 
, after ten years of decline, there was growth in the Mexican flax fabric market, when its value increased by % to $. In general, consumption, however, recorded a perceptible slump. Flax fabric consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, flax fabric production amounted to $ in estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Flax fabric production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
, after ten years of decline, there was growth in the Mexican flax fabric market, when its value increased by % to $. In general, consumption, however, recorded a perceptible slump. Flax fabric consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, flax fabric production amounted to $
in estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Flax fabric production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , approx. square meters of woven fabrics of flax were consumed in Mexico; flattening at figures. In general, consumption saw a deep reduction. The growth pace was the most rapid in with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at square meters in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The value of the flax fabric market in Mexico declined to $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible reduction. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, approx. square meters of woven fabrics of flax were consumed in Mexico; flattening at figures. In general, consumption saw a deep reduction. The growth pace was the most rapid in with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at square meters in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The value of the flax fabric market in Mexico declined to $
in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible reduction. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for flax fabric in Mexico, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to square meters by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to square meters by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of flax fabric in Mexico were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for flax fabric. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Mexico imports of in the flax fabric market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Mexico imports of in the flax fabric market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Mexico remains a net importer of flax fabric; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of square meters, which was equal to $.
. In , there was a significant trade deficit of square meters, which was equal to $.
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