Personal accessories outpaces GDP growth in Mexico
Personal accessories in Mexico demonstrated resilience in 2025, with 6% current value growth to MXN205 billion, outpacing the country's GDP growth. This performance is particularly noteworthy given the challenging economic environment and Latin America's average GDP growth of 2%. The market's attractiveness is underscored by the growing number of high-net-worth individuals in Mexico, projected to increase from 22,700 in 2025 to 31,200 in 2030. This demographic is supporting demand for luxury personal accessories. Key trends shaping the industry include polarisation, innovation, and sustainability.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Personal 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Bags and Luggage
- Jewellery
- Watches
- Writing Instruments
If you're in the Personal 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 Personal 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 Personal Accessories in Mexico?
- Which are the leading brands in Personal Accessories in Mexico?
- How significant is tourism in determining sales and demand for Personal Accessories in Mexico?
- How are COVID-19 and global recession impacting demand for Personal Accessories in Mexico?
- In the wake of COVID-19, how soon can Personal Accessories be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Personal Accessories in Mexico
Personal accessories outpaces GDP growth in Mexico
Market polarisation affects value sales growth in personal accessories
Innovation throughout the value chain drives personal accessories sales
Luxury resale market expands as younger consumers embrace circular economy
Future growth to be driven by premiumisation and technological integration
Luxury resale market set to boom with rental and resale trend
Mexican personal accessories landscape driven by growing interest in luxury products
Department stores leads distribution through promotions and financial services
COUNTRY REPORTS DISCLAIMER
Bags and Luggage in Mexico
KEY DATA FINDINGS
Despite slowdown, category presents opportunities in luxury and technological innovation
adidas looks to drive sales with cultural and sustainable appeal
Luggage technology integration propels luggage growth amid the dominance of bags
Second-hand luxury gains traction driven by circular economy principles
Luxury handbags expected to drive growth with iconic pieces
Technological innovations to redefine luggage design and consumer preferences
Second-hand luxury shopping set to gain further traction among younger consumers
Hermès maintains leadership with timeless designs and customer experience
Resale and rental trends influence retail channel mix and consumer behaviour
Department stores leads with product variety and flexible payment options
Retail e-commerce drives growth with fast delivery and flexible options
Jewellery in Mexico
KEY DATA FINDINGS
Fine jewellery thrives on luxury demand and premium experiences
Fine jewellery drives resilient double-digit growth amid economic challenges
Costume jewellery leads overall demand, but rising number of HNWIs drives fine jewellery
Bold and oversized gold pieces gain traction
Tactile preferences and luxury growth: The evolving landscape of Mexican jewellery
Luxury brands drive growth with cultural appeal
Gen Z drives demand for affordable and stylish unisex jewellery
Leading players maintain dominance through innovation
Tous expansion exemplifies fine jewellery growth through sustainability
Specialists dominate sales through expertise and trust
Retail e-commerce grows steadily despite offline dominance
Gender-neutral designs lead with minimalist geometric styles
Traditional and Connected Watches in Mexico
KEY DATA FINDINGS
Luxury accessibility drives growth of watches in Mexico
Market polarisation affects value sales growth of traditional and connected watches
Luxury watch brands drive growth with local accessibility
Resale and rental trend leads to growth in pre-owned luxury watch market
Luxury watch brands expected to drive growth over forecast period
Digital presence and authentication technologies set to shape consumer behaviour
New brands expected to focus on local preferences to drive sales growth
Swatch Group maintains lead with strong brand portfolio
Watch specialists lead luxury sales with expertise
Writing Instruments in Mexico
KEY DATA FINDINGS
Affordability and premiumisation define writing instruments in Mexico
Affordable pricing drives growth amid weak consumption
Pens remain largest category driven by steady demand
Markers and highlighters sees dynamic value growth and stable demand
Sustainability gains traction with eco-friendly materials and innovations
Affordable options set to drive future sales as pens remain dominant
Exclusivity expected to drive steady demand through high-end appeal
Price-sensitive consumers set to shape future trends
Newell Rubbermaid de México leads writing instruments
Offline sales are driven by product specialisation, while retail e-commerce gains traction
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Personal Accessories
-
-
- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
-
- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
-
-
- Costume Jewellery
- Fine Jewellery
-
-
-
-
- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
-
- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
-
- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
-
-
-
- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
-
- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
-
- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
-
-
-
-
-
- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
-
- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
-
- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
-
-
-
-
- Colouring
- Markers and Highlighters
-
- Graphite Pencils
- Mechanical Pencils
-
- Ball Point Pens
- Fountain Pens
- Roller Ball Pens
-
- Pen Inkwells and Refills
- Pencil Lead Refills
- Other Writing Accessories
Personal Accessories
Personal Accessories refers to a diversified group of personal products including Bags & Luggage, Jewellery, Watches and Writing instruments.
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 Personal Accessories research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!