The value added of clothing in Mexico has shown a significant upward trend from 2013 to 2023, increasing from 55.9 billion pesos to 88.04 billion pesos. In 2023, this value stood at 88.04 billion pesos. The year-on-year growth rate peaked at 16.68% in 2015 but steadily declined to 2.61% by 2023. The compound annual growth rate (CAGR) over the last five years has averaged 2.74%. Looking forward, the forecast indicates a continued, albeit slower, growth rate with a five-year CAGR projected at 1.78% and a five-year growth rate of 9.25% by 2028.

Future Trends to Watch For:

The impact of global supply chain disruptions on the clothing industry value chain.
Shifts in consumer behavior towards sustainable and ethical fashion.
The role of technological advancements in manufacturing efficiency and product innovation.
Potential trade policy changes and their effect on market dynamics.