PROSPECTS AND OPPORTUNITIES
The growing appeal of second-hand accessories
Apparel accessories is expected to see a negligible retail volume CAGR and just a slightly higher retail current value CAGR in Mexico in the forecast period. However, in the context of the current economic uncertainty facing Mexico, smaller and emerging brands are gaining traction, as they often offer unique products at competitive prices.
The growing popularity of sports headwear in Mexico
In Mexico, sports caps continue to gain popularity. Caps from Formula 1, baseball, and basketball teams are increasingly becoming staples in the growing streetwear fashion scene.
Ties lose relevance due to casualisation
Despite the expectation of growth in the forecast period, ties, once a staple of professional attire, is unlikely to return to the pre-pandemic level of sales even by the end of the forecast period, as casual styles increasingly dominate workplace fashion. In Mexico, ties are increasingly viewed as outdated, with semi-formal blazers and Mandarin collar shirts taking their place, which are not worn with a tie.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel Accessories in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel Accessories in Mexico?
- Which are the leading brands in Mexico?
- How are products distributed in Mexico?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel Accessories in Mexico?
- Where is future growth expected to be most dynamic?
Apparel Accessories in Mexico - Category analysis
KEY DATA FINDINGS
Apparel accessories add value in a low consumption environment
Shein uses AI to follow Mexican trends and develop products accordingly
Winter favours demand for apparel accessories in Mexico
The growing appeal of second-hand accessories
The growing popularity of sports headwear in Mexico
Ties lose relevance due to casualisation
Apparel and Footwear in Mexico - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Apparel Accessories
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel Accessories research and analysis database.
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