The production of textiles and wearing apparel in Mexico exhibited notable growth from 2013 to 2023, with fluctuations primarily influenced by economic conditions. Starting from 256.9 Billion Mexican Pesos in 2013, the industry saw consistent annual increases, attaining 370.72 Billion Mexican Pesos by 2023. A marked decline occurred in 2020 due to external shocks, but a significant rebound followed, peaking in 2021. The CAGR over the past five years (2019-2023) was 2.17%, illustrating a steady recovery phase.
Future trends to watch:
- Automation and AI integration in manufacturing processes.
- Adoption of sustainable and eco-friendly production methods.
- Increasing focus on customization and fast fashion trends.
- Impact of trade policies and international agreements on production dynamics.
