Imports Of Denim Fabrics In Mexico During 2014-2017

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Denim has been an important part of the textile and apparel industry in Mexico  . In fact , Mexico was the largest exporter of jeans to US before China came in . Even now substantial jeans are exported to US. In the previous report, we checked out the denim fabrics exported from Mexico to different countries around the world. In this report , we are analyzing  the  Denim Fabrics Imported from different countries into Mexico over the years  and the contents of this report are as below :

TABLE OF CONTENTS

Serial No.

Particulars

1

Table Showing % Share Of Total Imports Into Mexico  From Major Exporters in 2014-2017

2

Line Graph Showing % Share Of Total Import Into  Mexico  |  2014-2017

3

Table Showing Top 5  Countries Exporting To Mexico During January- August 2017

4

Graph Showing Top 5  Countries Exporting To Mexico During January- August 2017

5

Line Graph Showing Average Price Of Top 5 Countries Exporting To Mexico During January- August 2017

6

% Share Of Top 5 Countries Exporting To Mexico During January- August 2017

7

Table Showing Top 5 Countries Exporting To Mexico During January- August 2016

8

Graph Showing Top 5 Countries Exporting To Mexico During January- August 2016

9

Line Graph Showing Average Price Of Top 5 Countries Exporting To Mexico During January- August 2016

10

% Share Of Top 5 Countries Exporting To Mexico During   2016

11

Table Showing Top 5 Importing Countries Of Mexico In 2015 ( In Sq. Meters)

12

Graph Showing Top 5 Countries Exporting To Mexico During  January- August 2015

13

Line Graph Showing Average Price Of Top 5 Countries Exporting To Mexico During   2015

14

% Share Of Top 5 Countries Exporting To Mexico During 2015

15

Table Showing Top 5 Countries Exporting To Mexico During 2014

16

Graph Showing Top 5 Countries Exporting To Mexico During 2014

17

Line Graph Showing Average Price Of Top 5 Countries Exporting To Mexico During 2014

18

Graph Showing Top 5 Importing Countries Of Mexico In 2014 ( In Sq. Meters)

19

Table Showing Trend Of Average Price Of Top 2 Exporting Countries During 2014-2017

20

Graph Showing Trend Of Average Price Of Top 2 Exporting Countries During 2014-2017

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The Denim Import Of Mexico is not so encouraging as from the year 2016 , it has started declining . In the year 2015 , the total denim import was approx. 167 Million Sq.Meter which reduced to approx. 154 Million Sq.Meter in the year 2016. From Jan To August , 2017 , the total import is around 68 Million Sq.Meter which is being estimated to reach at 102.45 million Sq.Meter at the end of 2017 which is still 52 Million Sq.Meter lesser than what it was in the year 2016.

% Share Of Total Export From Mexico To Top 2 Countries From 2014-2017

China and USA are the two major exporters to Mexico in past few years and both have contributed over 75-80 % in the total fabric imported by Mexico . In the year 2014 , China and USA had about 35% share each  in the total import made by Mexico. However,  In the year 2016 , the share of China increased to  54 whereas US share increased to about 37A% . In the first 8 months of 2017* , USA reduced its share whereas China increased a little.

Year Import Countries % Share
2014 China
35.50%
USA
35.32%
2015 China
52.91%
USA
33.72%
2016 China
54.84%
USA
37.40%
2017 * China
39.53%
USA
51.55%

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

1. Top 5  Countries Exporting To Mexico During January- August 2017 

During  the first 8 months of 2017 , Mexico imported 68.30 Million Sq. Meter of Denim Fabric out of which 35.20 Million Sq. Meter imported from USA And 27.00 Million Sq. Meter imported from China at an average price of USD 2.33/ Sq. Meter and USD 0.92/Sq. Meter respectively . Both Countries accounts 91.08% Share in total Imports . Import from Japan made at the most expensive average price i.e, USD 5.05/Sq. Meter. Chinese price of $0.92/sq mtr is incredibly low. But it has been known that a lot of fabric from China is undervoiced to avoid duties.

Import Countries

Amount(USD)

Volume ( Sq Mtr)

Average Price              ( USD/Sq Mtr) 

%

USA

82,177,940

35,207,796

2.33

51.55%

China

24,888,416

27,000,116

0.92

39.53%

Japan

5,807,761

1,149,628

5.05

1.68%

Brazil

1,173,792

1,038,212

1.13

1.52%

Italy

3,931,681

947,261

4.15

1.39%

Others

5,068,847

2,959,264

1.71

4.33%

Total

123,048,437

68,302,277

1.80

100.00%

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

2. Top 5 Countries Exporting   In 2016

In the year 2016 , Mexico imported 154.21 Million Sq. Meter of Denim fabric out of which 57.67 Million Sq. Meter came from USA And 84.57 Million Sq. Meter imported from China at an average price of USD 2.22/  Sq. Meter and USD 0.77/ Sq. Meter respectively . Both Countries accounts 92.24% Share in total imports . Import from China made at the least average price i.e, USD 0.77/ Sq. Meter.

Import Countries

Amount(USD)

Volume ( Sq Mtr)

Average Price              ( USD/Sq Mtr) 

%

USA

127,821,491

57,674,472

2.22

37.40%

China

64,808,996

84,578,779

0.77

54.84%

Brazil

2,304,356

1,755,445

1.31

1.14%

Pakistan

2,702,366

2,438,527

1.11

1.58%

India

2,832,391

2,832,362

1.00

1.84%

Others

12,248,158

4,936,006

2.48

3.20%

Total

212,717,758

154,215,591

1.38

100.00%

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

3. Top 5 Exporting Countries In 2015

In the year 2015 , Mexico imported 167.58 Million Sq. Meter of Denim fabric out of which 56.50 Million Sq. Meter from USA And 88.66 Million Sq. Meter imported from China at an average price of USD 2.53/  Sq. Meter and USD 0.77/ Sq. Meter respectively . Both Countries accounts 86.63% Share in total imports . Import from USA made at the most expensive average price i.e, USD 2.53/ Sq. Meter.

Import Countries

Amount(USD)

Volume ( Sq Mtr)

Average Price ( USD/Sq Mtr) 

%

USA

142,895,231

56,501,276

2.53

33.72%

China

68,663,809

88,667,807

0.77

52.91%

Pakistan

3,260,172

4,030,898

0.81

2.41%

Brazil

3,385,705

2,218,385

1.53

1.32%

India

3,454,769

3,402,459

1.02

2.03%

Others

17,482,389

12,764,139

1.37

7.62%

Total

239,142,075

167,584,964

1.43

100.00%

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

4. Top 5 Exporting Countries In 2014

In the year 2014 , Mexico imported 204.151 Million Sq. Meter of Denim fabric out of which 72.10 Million Sq. Meter from USA And 72.47 Million Sq. Meter imported from China at an average price of USD 2.57/  Sq. Meter and USD 0.32/ Sq. Meter respectively . Both Countries accounts 70.82% Share in total imports . Import from China made at the least average price i.e, USD 0.32/ Sq. Meter.

Import Countries

Amount(USD)

Volume ( Sq Mtr)

Average Price ( USD/Sq Mtr) 

%

USA

         185,181,926

                  72,103,829

2.57

35.32%

China

           23,254,615

                  72,477,883

0.32

35.50%

Hong Kong

              9,042,319

                  51,844,082

0.17

25.39%

Pakistan

              2,040,659

                    3,485,258

0.59

1.71%

India

                 595,517

                        948,965

0.63

0.46%

Others

              7,401,375

                    3,291,351

2.25

1.61%

Total

         227,516,411

                204,151,368

1.11

100.00%

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

 Trend Of Average Price Of Top 2 Exporting Countries During 2014-2017

Year Import Countries Average Price( USD/Sq Mtr)
2014 China
0.32
USA
2.57
2015 China
0.77
USA
2.53
2016 China
0.77
USA
2.22
2017* China
0.92
USA
2.33

Top Denim Fabric Importing Countries For Mexico During 2014-2017 | Denimsandjeans.com

There is a very significant difference in prices of denim coming from US and from China. However, this is mainly due to the fact that US companies are selling at higher prices and their fabrics are not underinvoiced. However, its very difficult to find the right price of Chinese products as they under invoice their prices to avoid duties.
Another point needs to be kept under consideration. US is now losing all its mills with the closing of companies like DNA , Cone etc . Now only one mill is left and it might be a matter of time before it is also closed. This means more fabric will come into Mexico from other countries. Also Chinese might lose some market as their prices rise and under invoicing gets difficult.

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