Market for Pile And Chenille Fabric in Mexico
Market Overview
The Mexican pile and chenille fabric market shrank notably to $
in , which is down by -% 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 saw a noticeable shrinkage. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
in , which is down by -% 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 saw a noticeable shrinkage. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.Consumption
In , consumption of woven pile fabrics and chenille fabrics decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a perceptible shrinkage. As a result, consumption reached the peak volume of tons. From 2013 to , the growth of the consumption remained at a lower figure.
The value of the pile and chenille fabric market in Mexico contracted markedly to $ in , shrinking by -% 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). Over the period under review, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
, consumption of woven pile fabrics and chenille fabrics decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a perceptible shrinkage. As a result, consumption reached the peak volume of tons. From 2013 to , the growth of the consumption remained at a lower figure.The value of the pile and chenille fabric market in Mexico contracted markedly to $
in , shrinking by -% 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). Over the period under review, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market failed to regain momentum.Market Forecast
Depressed by shrinking demand for pile and chenille fabric in Mexico, the market is expected to continue its downward consumption trend over the next eight years. 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 tons 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 tons 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
Pile and chenille fabric market in Mexico consists almost entirely of imported products.
Trade Balance
Mexico remains a net importer of pile and chenille fabric; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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