The market size for men’s and boys’ underpants made of cotton in Mexico exhibited modest fluctuations from 2012 to 2022. With values oscillating around the 80 million USD mark, a downward trend was evident between 2017 and 2020 with notable dips in both 2017 (-5.62%) and 2020 (-4.7%). However, the market showed resilience with recovery signs in 2021, a growth of 5.59%, and continued slight growth into 2022. During 2022, the market maintained a value close to 80 million USD with a minor year-on-year increase of 0.31%. The Compound Annual Growth Rate (CAGR) over the last five years indicated a relatively stable trend at 0.73% per year.
Future trends to watch for in this market include the impact of sustainable and eco-friendly materials, shifts in consumer behavior towards premium products, and the potential economic effects of inflation or policy changes that may influence disposable income and spending patterns in the undergarment sector.
