Mexico Knitted Fabric Market (2024-2030) | Value, Forecast, Companies, Growth, Revenue, Share, Trends, Outlook, Size, Industry & Analysis

 Mexico Knitted Fabric Market Highlights

Topics Covered in the Mexico Knitted Fabric Market Report

The Mexico Knitted Fabric market report thoroughly covers the market by construction type and by fabrics type. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Mexico Knitted Fabric Market Size & Analysis

In 2024, the Mexico Knitted Fabric marketis valued at approximately $ 1.2billion, with a projected compound annual growth rate (CAGR) of 5.9% over the next five years. Additionally, by 2030, the market is expected to reach around $ 1.8billion. The apparel sector holds significant position in the overall market.

Mexico Knitted Fabric Market Synopsis

The Mexico knitted fabric market is experiencing steady growth, driven by the country’s robust textile and apparel industry, which is fueled by both domestic demand and exports, particularly to the United States. The increasing consumer preference for comfort, flexibility, and breathability in clothing is bolstering the demand for knitted fabrics, especially in the activewear, sportswear, and casualwear segments. Mexico's growing fashion industry, along with its proximity to key textile manufacturing hubs, allows for cost-effective production and access to advanced knitting technologies. Additionally, the rising focus on sustainable fabrics and eco-friendly production methods is gaining traction in Mexico, with manufacturers increasingly adopting organic and recycled fibers. With a combination of innovation, competitive pricing, and a strong domestic market, the knitted fabric market in Mexico is set to expand in the coming years.

According to 6Wresearch, Mexico Knitted Fabric market size is projected to grow at a CAGR of 5.9% during 2024-2030. The growth of the Mexico knitted fabric market is driven by a robust textile industry, supported by its strategic location and trade agreements like the USMCA, which enhance exports, particularly to the U.S. Rising consumer demand for comfortable, breathable, and stretchable fabrics in activewear and casualwear further propels the market. The increasing adoption of sustainable practices, including the use of organic and recycled fibers, aligns with global trends, creating new opportunities for manufacturers. Technological advancements in knitting processes, such as seamless and 3D knitting, are enhancing efficiency and product quality. However, the Mexico Knitted Fabric industryfaces challenges such as fluctuating raw material prices and competition from low-cost imports, which can pressure local manufacturers. Additionally, smaller players may struggle to meet the growing demand for sustainable production due to high upfront investments in eco-friendly technologies, posing a barrier to widespread adoption.

Mexico Knitted Fabric Market Trends

Sustainability Focus - Growing adoption of organic and recycled fibers to meet global demand for eco-friendly knitted fabrics.

Activewear Boom - Increased use of knitted fabrics in activewear and sportswear, driven by consumer preference for comfort and performance.

Advanced Knitting Technology - Integration of seamless knitting, 3D knitting, and automated processes to improve efficiency and fabric quality.

Expansion in E-Commerce - Rising online sales of knitted fabric-based apparel due to the convenience and variety offered by digital platforms.

Functional Textiles Growth - Demand for functional knitted fabrics with properties like moisture-wicking, UV protection, and antibacterial features.

Export Opportunities - Strong export potential to the U.S. and other markets under favorable trade agreements like the USMCA.

Investment Opportunities in the Mexico Knitted Fabric Market

Sustainable Fabric Production - Investing in organic and recycled materials to cater to the rising demand for eco-friendly knitted fabrics.

Advanced Knitting Technology - Opportunities to adopt cutting-edge technologies like 3D and seamless knitting for improved quality and efficiency.

Activewear and Athleisure - Capitalizing on the growing market for activewear by producing high-performance knitted fabrics.

Technical Textiles - Expanding into specialized applications, such as automotive and medical textiles, which utilize knitted fabrics for specific functionalities.

E-Commerce Partnerships - Collaborating with online platforms to enhance market reach and tap into the growing digital sales channels.

Key Players in the Mexico Knitted Fabric Market

Key players in the Mexico knitted fabric market include prominent textile manufacturers like Kaltex, one of the largest integrated textile companies in Latin America, known for its extensive range of fabrics and apparel. Grupo Avante Textil specializes in high-quality knitted fabrics for the fashion and activewear sectors, emphasizing sustainability and innovation. Hilaturas Los Angeles, a leading yarn producer, supports the market with diverse raw materials essential for knitted fabric production. Tejidos Reyna focuses on producing knitted fabrics tailored to domestic and export markets, particularly the U.S., leveraging Mexico's strategic trade agreements. Additionally, some of these players hold majority of the Mexico Knitted Fabric market share. Moreover, these companies, alongside smaller and mid-sized manufacturers, play a pivotal role in shaping the market by driving innovation, adopting sustainable practices, and catering to the growing demand for high-quality knitted fabrics.

Government Regulationsin the Mexico Knitted Fabric Market

The Mexican government regulates the knitted fabric market through policies aimed at promoting quality, sustainability, and fair trade practices. Agencies such as PROFECO (Federal Consumer Protection Office) enforce compliance with labeling standards to ensure transparency regarding material composition and origin. The government supports sustainability initiatives by encouraging manufacturers to adopt eco-friendly production practices, such as using organic and recycled fibers, through tax incentives and funding programs.

Trade agreements like the USMCA provide regulatory frameworks that streamline exports while ensuring compliance with international quality standards. Additionally, the government imposes tariffs on certain imported textiles to protect local manufacturers from unfair competition. Further, these initiatives have further boosted the Mexico Knitted Fabric market revenues. Furthermore, labor laws in Mexico, overseen by the Secretary of Labor and Social Welfare, ensure fair wages and safe working conditions in the textile industry, contributing to ethical production practices. These regulations collectively support the growth of the knitted fabric market while promoting sustainable and ethical operations.

Future Insights of the Mexico Knitted Fabric Market

The future of the Mexico knitted fabric market is promising, with growth fueled by increasing demand for versatile and sustainable textiles in activewear, casualwear, and technical applications. Advancements in knitting technologies, such as 3D and seamless knitting, are expected to enhance production efficiency and product innovation. The shift toward eco-friendly practices, including the use of organic and recycled fibers, aligns with global sustainability trends, creating opportunities for local manufacturers to expand their market share. Rising e-commerce activity and Mexico’s strategic location under trade agreements like the USMCA will further boost exports, particularly to the U.S. As the domestic textile industry continues to modernize and adopt advanced manufacturing practices, the market is set to see robust growth, driven by innovation and increased investment in high-performance and sustainable fabrics.

Weft-Knitted Fabrics Categoryto Dominate the Market - By Construction Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Weft-knitted fabrics are poised for steady growth in Mexico, driven by their versatility and widespread use in the fashion, activewear, and casualwear segments. These fabrics, characterized by their flexibility, softness, and ability to stretch in multiple directions, are highly favored for garments requiring comfort and adaptability, such as t-shirts, leggings, and sportswear. The increasing demand for athleisure and performance apparel, coupled with advancements in knitting technologies that enhance fabric quality and production efficiency, supports the expansion of weft-knitted fabric applications. Additionally, the rising consumer preference for sustainable and breathable textiles further bolsters the adoption of weft-knitted fabrics.

Interlock Type to Dominate the Market – By Fabrics Type

The Interlock fabrics are expected to witness significant growth in Mexico due to their superior durability, smooth texture, and versatility, which make them ideal for high-quality apparel such as activewear, loungewear, and baby clothing. This double-knit construction provides excellent elasticity and stability, meeting the increasing demand for comfortable and long-lasting garments. The rise in athleisure trends and the growing preference for sustainable and premium textiles are driving the adoption of interlock fabrics in both domestic and export markets. Additionally, advancements in knitting technologies and the ability to produce thicker, more insulating fabrics position interlock fabrics as a preferred choice for functional and seasonal clothing.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Mexico Knitted Fabric Market Overview
• Mexico Knitted Fabric Market Outlook
• Market Size of Mexico Knitted Fabric Market, 2023
• Forecast of Mexico Knitted Fabric Market, 2030
• Historical Data and Forecast of Mexico Knitted Fabric Revenues & Volume for the Period 2020-2030
• Mexico Knitted Fabric Market Trend Evolution
• Mexico Knitted Fabric Market Drivers and Challenges
• Mexico Knitted FabricMarket - Price Trends
• Mexico Knitted FabricMarket - Porter's Five Forces
• Mexico Knitted Fabric Industry Life Cycle
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Construction Type for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Weft for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Wrap for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Fabrics Type for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Flat/Jersey for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Purl for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Rib Stitch for the Period 2020-2030
• Historical Data and Forecast of Mexico Knitted Fabric Market Revenues & Volume, By Interlock for the Period 2020-2030
• Mexico Knitted FabricMarket - Import Export Trade Statistics
• Market Opportunity Assessment, By ConstructionType
• Market Opportunity Assessment, By Fabrics Type
• Mexico Knitted FabricMarket - Top Companies Market Share
• Mexico Knitted FabricMarket - Competitive Benchmarking, By Technical and Operational Parameters
• Mexico Knitted FabricMarket - Company Profiles
• Mexico Knitted FabricMarket - Key Strategic Recommendations

Markets Covered

The Mexico Knitted Fabric market report provides a detailed analysis of the following market segments

By Construction Type

• Weft
• Wrap

By Fabrics Type

• Flat/Jersey
• Purl
• Rib Stitch
• Interlock