The production of clothing in Mexico has seen a general upward trend from 2013 to 2023, standing at 201.04 Billion Mexican Pesos in 2023. There have been notable variations, such as significant growth in 2021 with a 23.16% increase, recovering from a sharp -15.08% drop in 2020, likely due to the pandemic. Over the last two years, growth rates stabilized at around 2.13% in 2022 and 2.04% in 2023. The last five years demonstrate a CAGR of 2.12%.
Future trends to watch for include:
- Continued steady growth with a forecasted 5-year CAGR of 1.57%, reaching approximately 222.07 Billion Mexican Pesos by 2028.
- Potential impacts of trade policies and economic conditions on the apparel sector's stability.
- Technological advancements and shifts in global demand influencing production capabilities.
