China’s loses 21% share in the Mexican Denim Imports in May 2020, India gains 25%

In this report, we’ve listed the major denim fabric importers in MEXICO  for the month of May 2020 and analyzed the volume and average price along with the countries from where they are buying. Also, the comparison has been made with May 2019 figures. The contents of this report are as below:

PARTICULARS
TABLE SHOWING THE TOP DENIM SUPPLYING COUNTRIES TO MEXICO ALONG WITH AVERAGE PRICE AND % SHARE
GRAPH SHOWING THE TOP DENIM SUPPLYING COUNTRIES TO MEXICO
GRAPH SHOWING THE AVERAGE PRICE OF THE TOP  DENIM SUPPLYING COUNTRIES TO MEXICO
GRAPH SHOWING THE % SHARE OF COUNTRIES IN TOTAL IMPORTS BY MEXICO
TABLE SHOWING THE TOP DENIM IMPORTING COMPANIES OF MEXICO ALONG WITH AVERAGE PRICE AND % SHARE
GRAPH SHOWING THE TOP DENIM IMPORTING COMPANIES OF MEXICO
GRAPH SHOWING THE AVERAGE PRICE OF THE TOP 10 DENIM IMPORTING COMPANIES OF MEXICO
TABLES SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO MEXICO ALONG WITH AVERAGE PRICE
GRAPHS SHOWING THE IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO MEXICO
GRAPHS SHOWING THE AVERAGE PRICE OF IMPORTS OF DENIM FABRICS BY DIFFERENT COMPANIES INTO MEXICO

TOP 5 COUNTRIES SUPPLYING DENIM FABRICS TO MEXICO IN MAY 2020

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In the month of May 2020, Mexico has imported approx. 1.32 million sqm of denim fabrics.

CHINA is the biggest exporter of Denim Fabric to Mexico with a total volume of about 0.7 million sqm. Comparing to last year, China witnessed a massive fall of 93% in its export to Mexico.

In our previous report, it has been learnt that China lost a huge share in the Colombian Denim Industry also. As far as Mexico is concerned, the trend remained the same, China’s share to Mexico Denim Industry dropped from 74% to 53%. On the other hand, India has increased its share from 7% to a whopping 32%.

Country% Share in May 2020% Share in May 2019
China53%74%
India32%7%
Others15%19%

India performed really very well comparing to last year. India emerged as the 2nd biggest denim supplier which exported 0.41 million sqm, India exported 0.30 million sqm in May 2019. In May 2020, India’s export to Mexico rose by 35.60%.

Apart from India, a great surge has been observed in the Japan export also.

(Note: this data has been captured from various govt organizations including customs. the actual imports are likely to be higher than this figure . Also we need to understand that the prices are sometimes not correct representations as in Mexico there are many suppliers under reporting the actual price for custom benefits )

Exporting CountryFabric Imported- May 2020Fabric Imported -May 2019% Change
Brazil16,301244,913-93.34%
China708,4823,419,010-79.28%
India418,554308,67835.60%
Japan150,71727,865440.88%
Pakistan32,804280,190-88.29%
Total1,326,8584,607,007-71.20%

As far as the average price is concerned, Major countries have lowered their prices in the month of May 2020 compared to the last month. Japan is the most expensive supplier however China is still the most competitive one.

Exporting CountryAv Price($/Sqm) May 2020Av Price($/Sqm) May 2019% Change
Brazil1.361.64-17.07%
China0.90.4695.65%
India1.571.61-2.48%
Japan3.765.98-37.12%
Pakistan1.641.74-5.75%
Total1.460.882.50%

TOP COMPANIES IMPORTING DENIM IN MEXICO

So far as the import of denim fabric by different companies are concerned, Warehouse Jeans and KOOS Mexico are the two biggest importers of denim fabric into Mexico with the total import of 0.33 million sqm and 0.19 million sqm of denim fabric respectively.

There are some new buyers emerged during the month of May 2020 comparing to May 2019, Comercializadora and FS Industrias are some of the prominent names.

BuyersQuantity Imported- May 2020Quantity Imported – May 2019
WAREHOUSE JEANS337,302363,482
KOOS MEXICO196,30837,627
COMERCIALIZADORA VIMTEX187,259
GRUPO COMERCIALIZADOR MARBELY162,9732,235,959
FS INDUSTRIAS S138,210
ORANGE SYSTEM92,927140,376
TEXTILES BUCAY84,975166,550
BLUE CALL74,313
DTL INDUSTRIAS S20,694
VICUNHA MEXICO16,301218,302
YALE DE MEXICO15,595

As far as the average price is concerned, Major buyers have imported the fabrics relatively at lower prices in the month of May 2020 compared to the last month. Koos Mexico bought at the most expensive price which is $3.64/sqm .

BuyersAverage Price ($/sqm) May 2020Average Price ($/sqm) May 2019
WAREHOUSE JEANS1.581.73
KOOS MEXICO3.645.66
COMERCIALIZADORA VIMTEX1.52
GRUPO COMERCIALIZADOR MARBELY0.150.26
FS INDUSTRIAS S0.45
ORANGE SYSTEM0.911.14
TEXTILES BUCAY0.571.34
BLUE CALL1.44
DTL INDUSTRIAS S1.67
VICUNHA MEXICO1.361.82
YALE DE MEXICO1.12

Below are the five top importers of Mexico with their respective suppliers.

WAREHOUSE JEANS MEXICO S.A. DE C.V.

SuppliersQuantity SuppliedAverage Price($/sqm)Country
MANOMAY TEX INDIA LTD.92,874.601.41India
SANGAM (INDIA) LIMITED.2,44,427.571.65India

KOOS MEXICO SA DE CV

SuppliersQuantity SuppliedAverage Price($/sqm)Country
KOOS APPAREL INC.45,591.113.24China
KOOS APPAREL INC.1,50,717.253.76Japan

COMERCIALIZADORA RIHAZZA S.A. DE C.V.

SuppliersQuantity SuppliedAverage Price($/sqm)Country
SIGNET DENIM PRIVATE LIMITED81,252.061.49India
ZHEJIANG TENGMA TEXTILE CO. LTD73,203.631.5China
S.M. TRADERS32,803.591.64Pakistan

GRUPO COMERCIALIZADOR MARBELY S.A. DE C.V.

SuppliersQuantity SuppliedAverage Price($/sqm)Country
SHANGHAI TEXTILE DECORATION CORP. (GROUP)83,229.430.15China
ZHEJIANG TENGMA TEXTILE CO. LTD.79,743.680.15China

FS INDUSTRIAS S DE RL DE CV

SuppliersQuantity SuppliedAverage Price($/sqm)Country
TRANSMOUNTAIN EXPORTS1,38,210.220.45China
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