Between 2013 and 2023, the market for men's and boys' trousers and shorts made of synthetic fibers in Mexico showed a steady increase in per capita value, from $0.64 in 2013 to $0.95 in 2023. The year 2020 reflected a notable dip, primarily affecting the market's growth, but the subsequent recovery displayed a strong upward trend. Over the last two years, there has been a consistent year-on-year growth, culminating in a compound annual growth rate (CAGR) of approximately 3.9% over the past five years up to 2023.
Future trends to watch for include:
- Potential shifts in consumer preferences towards more sustainable materials.
- Impact of economic conditions on consumer spending capacity and priorities.
- Innovations in synthetic fiber technology enhancing the apparel's appeal.
- Trade agreements affecting import-export dynamics within this segment.
