The production volumes of textiles, wearing apparel, and leather products in Mexico have shown fluctuations over the past decade, with a significant drop in 2020 due to the COVID-19 pandemic, followed by a notable recovery in 2021. As of 2023, the production stood at 350.21 billion Mexican Pesos. The year-on-year variation for 2023 was a slight decrease of 0.43%, continuing the downward trend from 2022. The last five years saw a compound annual growth rate (CAGR) of -0.51%, indicating a gradual decline.

Forecasts for the future indicate a continued decline in production volumes, with the projected CAGR for the next five years being -0.36%, leading to a forecasted volume of 342.28 billion Mexican Pesos by 2028. The industry is expected to shrink by 1.8% over the next five years.

Future trends to watch include:

Impact of technological advancements on production efficiency.
Shifts in global supply chains and their effects on export demand.
Changes in consumer behavior towards sustainability, potentially affecting demand for eco-friendly products.
Government policies and trade agreements that may influence production volumes.