The market is dominated by foreign suppliers, as imports account for 88.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 50.9% of total demand in 2022. Mexico has the second largest market size for machinery for textile and apparel production regionally, with demand reaching USD1.0 billion in 2022. ITG Mexico SA de CV is the largest company in Mexico, generating 18.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 26.0% of total production value in 2022. The total number of companies increases in 2022, to 8,660 units. The costs of the industry increase by 11.4% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.7% of production value in 2022, the third highest regionally. The industry’s exports share decreases in 2022 to 38.9% of total production output. With production value of USD175 million, Mexico accounts for 31.4% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Machinery for Textile and Apparel Production in Mexico: ISIC 2926. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Textile and Apparel Production in Mexico: ISIC 2926 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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