The household linen market in Mexico has shown fluctuations over the past decade, with values oscillating between $325.17 million and $368.44 million USD. Year-on-year alterations reveal notable variances: a peak increase of 12.6% in 2014 followed by a significant drop of -5.74% in 2015. More recently, a stable growth pattern emerged with 5.86% in 2021 tapering to a modest 0.55% in 2022. The compound annual growth rate (CAGR) over the past five years stands at 2.38%, indicating a slow but steady market recovery post-2017.
Looking ahead, market stability and gradual growth are expected. Key trends to watch include increased consumer preference for eco-friendly and sustainable linen products, which could drive demand. Technological advancements in textile manufacturing and rising online retail penetration may further influence market dynamics. Strategic investments in quality improvements and branding could also play crucial roles in shaping the market's trajectory in the coming years.
How does Mexico rank in Household Linen Market Size Value?
| # | 46 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,808,000,000 | 2023 | -6.34% | -5.54% | View data |
| 2 | 2 Japan | 5,580,800,000 | 2023 | +1.17% | -1.02% | View data |
| 3 | 3 Germany | 4,755,900,000 | 2023 | +0.013% | -0.25% | View data |
| 4 | 4 United Kingdom | 3,893,300,000 | 2023 | -0.54% | -0.1% | View data |
| 5 | 5 France | 3,873,000,000 | 2023 | -0.46% | -1.41% | View data |
| 18 | 18 Belgium | 408,570,000 | 2023 | -0.68% | -2.43% | View data |
| 19 | 19 Brazil | 394,190,000 | 2023 | -2.76% | -3.72% | View data |
| 20 | 20 Mexico | 367,720,000 | 2023 | +0.54% | +0.17% | |
| 21 | 21 Portugal | 347,710,000 | 2023 | -0.4% | -1.26% | View data |
| 22 | 22 Norway | 337,690,000 | 2023 | -0.44% | +0.77% | View data |