The value added of textiles and wearing apparel in Mexico is set to grow from 153.82 billion Mexican pesos in 2024 to 167.7 billion Mexican pesos in 2028. In 2023, the value stood at 150 billion Mexican pesos. The year-on-year variation indicates a steady growth of approximately 2.33% from 2024 to 2025, followed by 2.22% from 2025 to 2026, 2.13% from 2026 to 2027, and 2.05% from 2027 to 2028. Over the past two years, the sector saw a similar upward trend, suggesting stable growth. The compound annual growth rate (CAGR) for the period 2024-2028 is around 2.18%.
Future trends to watch for include the increasing impact of sustainable and ethical fashion, advancements in textile technology, and the potential for trade policy changes that could affect the industry. Monitoring these factors will be crucial for anticipating shifts in market dynamics and making informed strategic decisions.
