Analysis of the Mexican market for men’s and boys’ overcoats made of synthetic fibers shows a fluctuating trend in value per capita from 2013 to 2023, initially peaking in 2016 at $0.76 and reaching a low in 2020 at $0.57. In 2023, the market value was steady at $0.67. The year-on-year variation over the last two years shows stabilization, while the recent five-year CAGR indicates a gradual decline.
Future trends to watch for include:
- Adoption of sustainable synthetic materials influencing consumer preferences.
- Potential market growth due to rising urbanization and lifestyle changes.
- Impact of global supply chain dynamics on local market pricing.
