The market is dominated by domestic suppliers, as imports account for 45.9% of total market size in 2022. Households drive market demand, with household spending representing 94.2% of total demand in 2022. Mexico has the second largest market size for apparel regionally, with demand reaching USD16.4 billion in 2022. Grupo Carmay SA de CV is the largest company in Mexico, generating 7.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 33.4% of total production value in 2022. The total number of companies increases in 2022, to 146,075 units. The costs of the industry increase by 12.1% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 34.4% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 35.3% of total production output. With production value of USD7.1 billion, Mexico accounts for 18.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Apparel in Mexico: ISIC 181. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Apparel in Mexico: ISIC 181 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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