From 2013 to 2023, the per capita value of the shawls, scarves, and veils market in Mexico showed fluctuations. It peaked in 2014 and 2015 at $0.27 and has generally since declined, marking a slight rebound to $0.2 in 2021 and 2022, before dipping to $0.19 in 2023. The year-on-year comparisons particularly for 2022-2023 show a decrease. The 5-year compound annual growth rate (CAGR) further illustrates an overall negative trend.

Future trends to watch for include:

Consumer preferences shifting towards multifunctional or eco-friendly textiles.
Potential impact of economic changes influencing disposable income trends.
Growing interest in digital shopping platforms affecting traditional retail sales.