Manufacture of knitted socks and stockings in Mexico

The highest proportion of the estimated total annual revenue generated nationwide in this activity is reported in Mexico, with MXN $3,300 millions.

According to the market research report prepared by MarketDataMexico, five establishments lead the annual revenue generation in the activity of Fábricas de calcetines y medias de tejido de punto in Mexico, with an approximate 53% of the estimated total annual revenue. Some of the main players in this market are  CANOFIL SA de CV, INDUSTRIAS CANNON SA de CV and INDUSTRIAS TEBI SA de CV.

Performance by State: Mexico leads the business

The largest share of the business is generated in Mexico, with an average of MXN $3,300 millions in estimated annual revenue. The state that follows is Puebla, with MXN $620 millions, and in third place, Nuevo Leon, where MXN $410 millions are generated.

What products are manufactured by these businesses?

Some of the products fabricated in these establishments are: KNITTING SOCKS, SOCKS KNITTED WITH NONSLIP SOLES, HEATERS KNITTED FABRIC (CLOTHING) y KNITTING TIGHTS, among others.

Annual expenses of these establishments

When the expenses incurred annually by these businesses are analyzed in detail, it is observed that they allocate around MXN $4,400 millions to various expenses, such as, for example, income and rental of movable and immovable property, in what they normally allocate, on average, around MXN $190 millions. In electricity consumption they disburse an approximate of MXN $220 millions, while for fuel and lubricant consumption they allocate each year around MXN $140 millions.