Women's Apparel - Mexico

  • Mexico
  • In 2024, the revenue in the Women's Apparel market in Mexico amounts to MXN €6,872.00m.
  • It is projected to experience an annual growth rate of 3.49% (CAGR 2024-2028).
  • When compared globally, in the United States generates the highest revenue in the Women's Apparel market, reaching a value of MXN €178bn in 2024.
  • Considering the total population, the per person revenue in the Women's Apparel market is estimated to be MXN €53.11 in 2024.
  • By 2028, the volume in the Women's Apparel market is expected to reach 1,003.0m pieces units.
  • In 2025, a volume growth of 1.0% is anticipated.
  • The average volume per person in the Women's Apparel market is projected to be 7.5pieces units in 2024.
  • In Mexico, there is a growing trend among women for traditional Mexican clothing, such as embroidered blouses and colorful skirts, showcasing their cultural heritage.

Key regions: Germany, United States, Philippines, Australia, India

 
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Analyst Opinion

Women’s Apparel is the biggest segment in the Apparel market. In the wake of the COVID-19 pandemic, the global fashion industry underwent increases in costs, logistic issues, and supply chain problems.  As per increasing costs due to inflation, both Zara and H&M, two of the biggest players in the Women’s Apparel segment, raised their prices. Although consumer demand is changing on account of the increasing awareness of environmental and sustainability issues, the segment is expected to continue to grow in the future.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Visión general

  • Revenue
  • Sales Channels
  • Analyst Opinion
  • Key Players
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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