Mexican Denim Exports To USA | 2015-2017

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Mexico’s economy has performed well relative to other major Latin American economies in recent years, largely because of its thriving manufacturing sector. Unlike Brazil and Argentina, whose manufacturing sectors are slumping, Mexico has continued to see solid growth because of its integration with and dependence on the U.S. market. Although low global oil prices will put pressure on Mexico’s economy, the performance of the manufacturing sector — especially in high-end manufacturing — will be a key driver of Mexico’s economic growth this year and beyond.

Rising wages in China and cancellation of TPP have once again changed the equations and paved a comeback way for Mexico and and we see a resurgence of exports to US including apparel . Average manufacturing labor costs in Mexico are now almost 20 percent lower than in China, whereas in 2000, Mexico’s labor costs were 58 percent more expensive than China’s.In this report we did a detailed analysis of Export of Denim Fabric and Denim Apparels ( Both Men & Women)  By Mexico during 2015 – upto Q2,2017 .

                                                                                               Table Of Contents

S.No.

                                                                                                                        Particulars

1.

Table showing the imports of denim’s to USA from Mexico for the period 2015 – 2017

2.

Graph showing the imports of denim’s to USA from Mexico for the period 2015 – 2017

3.

Graph showing the average price of denim’s to USA from Mexico for the period 2015 – 2017

4.

Table showing the imports of men’s/boys jeans to USA from Mexico for the period 2015 – 2017

5.

Graph showing the imports of men’s/boys jeans to USA from Mexico for the period 2015 – 2017

6.

Graph showing the average price of men’s/boys jeans to USA from  Mexico for the period 2015 – 2017

7.

Table showing the imports of women’s/girls jeans to USA from Mexico for the period 2015 – 2017

8.

Graph showing the imports of women’s/girls jeans to USA from Mexico for the period 2015 – 2017

9.

Graph showing the average price of women’s/girls jeans to USA from Mexico for the period 2015 – 2017

10.

Table showing the imports of denim fabrics to USA from Mexico for the period 2015 – 2017

11.

Graph showing the imports of denim fabrics to USA from Mexico for the period 2015 – 2017

12.

Graph showing the average price of denim fabrics to USA from Mexico for the period 2015 – 2017

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1. Import of Denim Apparels

The imports of all denim to USA from Mexico for the first six months of 2017 was 46.07 million pcs and if the same trend continues, the import is expected to be around 92 million pcs at the end of the year 2017 ,which may result in an increase of about 35 % in imports over 2016. However, the imports of all denims for the year 2015 was 110.92 million pcs with an average price(usd/pc) of 8.7 which saw a fall of about 38%  as the figures in imports for the year 2016 fell to 67.96 million pcs with an average price(usd/pc) of 8.2 .

Year of Import

All Denim Apparel (Million Pcs)

Total Value (Million USD)

Average Price (USD/PC)

2015

110.02

961.80

8.7

2016

67.96

559.14

8.2

Q2|2017

46.07

371.29

8.1

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

A. Men’s/Boys jeans

Segregating the imports of all denims into both men and women to USA from Mexico, we see that the imports of men’s/boys jeans was much more than the women’s/girls jeans for the three consecutive year from 2015 – 2017. The imports of mens jeans for the first six months of 2017 was 42.76 million pcs and that of the womens jeans was 3.28 million pcs for the same period which shows that the import of mens jeans was manifold times more than the women’s jeans. However, the imports of men’s jeans for the year 2015 was 101.74 million pcs with an average price(usd/pc) of 8.5 which saw a fall of about 38% in imports as the figure went down to 62.96 million pcs in the year 2016.

Year of Import

Men’s/Boys Jeans (Million Pcs)

Total Value (Million USD)

Average Price (USD/PC)

2015

101.74

859.43

8.5

2016

62.96

494.16

7.9

Q2|2017

42.76

324.14

7.6

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

B. Women’s/Girls Jeans

The imports of women’s jeans for the first six months of 2017 was 3.28 million pcs .However, the imports for the year 2015 was 8.28 million pcs with an average price(usd/pc) of 12.4 which saw a decrease of about 50% as the figures in imports went down to 4.84 million pcs with an average price(usd/pc) of 13.1 for the year 2016. There is an important development which could be seen in the trend of Average Price from the year 2015 to upto Q2, 2017 . The average price has been increased by USD 1.9/Pc during this period and reached to the level of USD 14.3/Pc which is somehow little alarming on Price Competitiveness .

Year of Import

Women’s/Girls Jeans (Million Pcs)

Total Value (Million USD)

Average Price (USD/PC)

2015

8.28

102.37

12.4

2016

4.84

63.4

13.1

Q2|2017

3.28

46.76

14.3

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

c. Denim fabrics

The imports of denim fabrics to USA from Mexico for the first six months of 2017 was 3.45 mill. sq.mtrs .The imports of fabrics for the year 2015 was 6.32 mill.sq.mtrs with an average price(usd/lin.mtr) of 3.4 which saw a increase in imports of about 8% as the figure went up to 6.88 million pcs with an average price(usd/lin.mtr) of 3.0 for the year 2016. We have changed the figure of sq mtrs to lin mtrs with assumed width of 160 cm width.

Year of Import

Denim Fabrics (Mill.sq.mtrs)

Million Lin. mtrs (160 cm width)

Total Value (Million USD)

Av. Price CIF (USD/Lin. Mtr)

2015

6.32

3.95

13.32

3.4

2016

6.88

4.30

12.87

3.0

Q2|2017

3.45

2.16

6.51

3.0

Imports of Denim’s To USA From Mexico For The Period 2015 - 2017

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On the whole, it is not a bad time for Mexico as it starts getting advantage of increasing costs in China. But there is still a threat looming ! US is speaking of eliminating the NAFTA . If that happens , it will be a big blow for Mexican economy and totally change the way this country will manage its US dependent manufacturing sector. Lets keep our fingers crossed !

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