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.
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.
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 In Mexico, ties are increasingly viewed as outdated, with semi-formal blazers and Mandarin collar shirts taking their place, which are not worn with a tie.
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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.
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 definitionsThis report originates from Passport, our Apparel Accessories research and analysis database.
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