The Gross Value Added (GVA) for Wearing Apparel Manufacturing in Mexico has shown steady growth in recent years. Based on forecasted data, the value is expected to rise from 81.93 billion MXN in 2024 to 92.02 billion MXN by 2028. When breaking down the year-on-year variation, the data reveals consistent growth rates of around 3-4% per annum. From 2024 to 2025, the increase stands at 3.14%, followed by a similar 2.99% and 2.88% from 2025 to 2026 and 2026 to 2027 respectively. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 stands at approximately 2.95%.
Future trends to watch for include advancements in sustainable manufacturing practices, potential impacts of trade policies and agreements, and shifts in consumer preferences towards locally produced apparel. Additionally, technological advancements in textile manufacturing could drive efficiency and further growth in this sector.
