Mexican Textile & Clothing Sector Analysed by Textiles Intelligence in New Research Report Published at MarketPublishers.com15 Jan 2015 • by Natalie Aster
LONDON – The textile and clothing industry has always played a vital role in the industrial and economic development of Mexico. Since the implementation of the North American Free Trade Agreement (NAFTA), the industry had grown more rapidly over the subsequent 6 years, reaching its peak in 2000. However, since then the growth began to slow down, and exports were 43% lower compared to the results achieved in 2000. Furthermore, imports exceeded exports by USD 2.24 billion in 2013, which mirrored the sector’s heavy reliance on importation of raw materials. The country’s textile and clothing market also suffered from Chinese competition in its key export market (the USA) as well as in the home market. From 2008 to 2013, Mexico’s clothing imports from China surged by just under 560%.
Still, Mexico is expected to become the biggest economy in Central and South America over the next decade, and it is clawing back some competitiveness in the USA and striving to expand its geographical reach in other markets of the world. Furthermore, higher sales are expected in the domestic market as the country boasts of large population (120.3 million) which is becoming wealthier as years go by.
New research study “Prospects for the Textile and Clothing Industry in Mexico” elaborated by Textiles Intelligence provides an insightful guide to Mexico’s textile and clothing industry.
The study discusses the importance of the industry for Mexico, examines the situation (geographical, political and economic) in the country, examines the infrastructure, and sheds light on the Mexican human resources. The report proceeds with an extensive and unbiased analysis of the textile and clothing industry in Mexico, its current state and development over years. It covers the industry size and structure, gives data on consumption and production of textiles and clothing items, evaluates the import and export situation, characterizes the regulative framework as well as investment and export incentives. The research report includes a SWOT analysis of the domestic textile and clothing industry, and speculates on the prospects of the development of the textile and clothing in Mexico.
Prospects for the Textile and Clothing Industry in Mexico
Published: January, 2015
Price: US$ 910.00
More new reports by the publisher can be found at Textiles Intelligence page.