Mexican cotton textile exports to rise in coming months – here's why

19 Jul '21

2 min read

Pic: Shutterstock

Exports of cotton textiles from Mexico are expected to move up in the coming months to reach $17.25 million by December 2021. The country exported textiles worth $7.44 million in January 2021, which increased by 61.61 per cent to $12.02 million in March 2021. However, it witnessed a slight drop of 4.37 per cent in Q2 to reach $11.50 million in June 2021.

By the end of this year, the country’s exports are likely to see a growth of 50.07 per cent over June 2021, according to Fibre2Fashion’s market analysis tool TexPro.

One of the major reasons for the growth is the consistently improving US economy. Additionally, all restrictions have been lifted in western countries that are major importers of textiles.

Retailers and brands have opened stores and a considerable rise has been observed in the sales of textiles and apparel in the US and the other American neighbours. In 2021, household income has become steady in the US and consumers are expected to spend more on textile products. Consumers plan to increase their spending due to more disposable income, increased confidence and fewer restrictions.

Textile exports of rivals such as China and India to the US have decreased due to sudden rise of COVID cases in the two countries in Q2 2021, which boosted imports from other major textiles exporters including Mexico.

Fibre2Fashion News Desk (KD)

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