Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico - 2023

Contents:

1. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico (CIF) - 2023
2. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico (FOB) - 2023
3. Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico
4. Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico (CIF) - 2023

The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $2.5 per unit in December 2023, growing by 40% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 107% m-o-m. The import price peaked at $6.0 per unit in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($17.1 per unit), while the price for China ($1.5 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico (FOB) - 2023

In December 2023, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $2.0 per unit, which is down by -2.6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 74% m-o-m. The export price peaked at $3.2 per unit in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.3% per month.

Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico

Imports of track suits; of synthetic fibres, knitted or crocheteds into Mexico skyrocketed to 5.2M units in 2022, increasing by 45% on 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 223%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $25M in 2022. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Mexico in 2022:

1. China (4.3M units)
2. Cambodia (0.4M units)
3. Vietnam (0.3M units)
4. Indonesia (0.1M units)

Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Mexico

For the fourth year in a row, Mexico recorded growth in overseas shipments of track suits; of synthetic fibres, knitted or crocheteds, which increased by 2,352% to 773K units in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $1.8M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Mexico in 2022:

1. United States (772.7K units)

Source: IndexBox Market Intelligence Platform