Price for Clothing; Parts, Knitted or Crocheted in Mexico - 2023

Price for Clothing; Parts, Knitted or Crocheted in Mexico (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $35,686 per ton in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($35,686 per ton), while the price for China stood at $35,686 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Price for Clothing; Parts, Knitted or Crocheted in Mexico (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $82,154 per ton, surging by 11% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2021 an increase of 39%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.4% per year.

Imports of Clothing; Parts, Knitted or Crocheted in Mexico

In 2022, after three years of growth, there was significant decline in supplies from abroad of clothing; parts, knitted or crocheted, when their volume decreased by -37.2% to 1.7K tons. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 198% against the previous year.

In value terms, clothing; parts, knitted or crocheted imports contracted sharply to $61M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 172%.

Import of Clothing; Parts, Knitted or Crocheted in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	11.6	32.9	78.7	56.1	69.1%
China	0.3	1.0	5.1	4.7	150.2%
Others	0.6	0.2	0.1	0.1	-45.0%
Total	12.5	34.1	83.9	60.9	69.5%

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Mexico in 2022:

United States (1571.8 tons)
China (131.6 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Mexico

In 2022, shipments abroad of clothing; parts, knitted or crocheted decreased by -52.4% to 5.6 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 275% against the previous year. As a result, the exports attained the peak of 45 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, clothing; parts, knitted or crocheted exports declined markedly to $464K in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 342% against the previous year. As a result, the exports attained the peak of $2.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.