Mexico Home Textile Market Size

Statistics for the 2023 & 2024 Mexico Home Textile market size, created by Mordor Intelligence™ Industry Reports. Mexico Home Textile size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Mexico Home Textile Industry

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Mexico Home Textile Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) > 4.00 %
Market Concentration Low

Major Players

Mexico Home Textile Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Home Textile Market Analysis

The Mexico Home Textile Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).

The home textile industry in Mexico is a diversified and integrated sector that has been growing stronger in the past few years. One way for Mexican companies that make home textiles to stay in business in the face of competition from other developing countries is to focus on technology and new ideas. Furthermore, a greater number of retail openings and online portals are supporting the development of the market for home textiles.

The rapid outbreak of COVID-19 affected the Mexican economy. This led to several difficulties in the home textile industry, where most of the market was under pressure and disrupted the textile supply chain from fabric to garments. The lockdown of factories and retail stores completely affected home textiles. Prevailing this situation, the pricing was also down in the domestic and international markets.

The competitive labor costs and geographic proximity to the US have made Mexico one of the US's largest textile trading partners. The growth in home textiles is supported by the growing household income, increasing population, rising income levels, and increasing rate of urbanization.

Mexico Home Textile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)