Executive Summary

Feb 2019
PROSPECTS
Belts posts the highest value growth within apparel accessories

Amongst the various types of apparel accessories covered by Euromonitor International, belts are the most popular. Belts are widely used because they not only have a fashion purpose, but also a functional purpose.

Gloves remains a small category in Mexico, due to the mild weather

Gloves remained the smallest category within apparel accessories in 2018, and also posted the slowest growth in current value terms. This is mainly due to the fact that Mexico has a hot climate in its coastal regions, and therefore the population enjoys sunny days and warm nights throughout the year.

Sportswear brands attract more consumers to hats/caps

Sportswear brands proved increasingly popular in hats/caps in 2018, as the athleisure trend gained relevance in Mexico. In particular, international sportswear brands such as Under Armour, Nike, adidas and Vans performed well through their own stores and also through third party retailers such as Innova Sports and Marti, which offer several of these brands.

COMPETITIVE LANDSCAPE
Fast fashion brands lead apparel accessories

The top three brands within apparel accessories belong to Inditex Group: Pull & Bear, Bershka and Zara. All of them are considered fast fashion brands, as they continuously launch new designs of apparel and accessories, which makes them attractive shopping destinations.

Apparel accessories remains a highly fragmented category

Apparel accessories was highly fragmented in 2018, with none of the leading brands reaching a double-digit value share, and smaller brands together accounting for a high value share. This can be explained by the wide availability of unbranded accessories such as scarves, hats/caps and gloves in small independent stores, and also by the growing presence of Mexican designer brands which do not have national recognition of distribution, but are achieving some popularity within specific local areas of influence.

Luxury apparel accessories perform well

Luxury brands from global fashion houses such as Louis Vuitton and Yves Saint Laurent performed well in apparel accessories in 2018. These brands target high-end consumers, who are less impacted by inflation or the country’s economic slowdown, and guide their purchasing decisions by the latest fashion trends.

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Apparel Accessories in Mexico

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Overview

Discover the latest market trends and uncover sources of future market growth for the Apparel Accessories industry in Mexico with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Apparel Accessories industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.

The Apparel Accessories in Mexico market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Apparel Accessories in Mexico?
  • What are the major brands in Mexico?
  • How dynamic is the growth of clothing and footwear internet sales?
  • What is the performance of women’s clothing vs men’s clothing?
  • What % of clothing and footwear sales goes through grocery retailers?

Why 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 industry report originates from Passport, our Apparel and Footwear market research database

Apparel Accessories in Mexico - Category analysis

HEADLINES

PROSPECTS

Belts posts the highest value growth within apparel accessories
Gloves remains a small category in Mexico, due to the mild weather
Sportswear brands attract more consumers to hats/caps

COMPETITIVE LANDSCAPE

Fast fashion brands lead apparel accessories
Apparel accessories remains a highly fragmented category
Luxury apparel accessories perform well

CATEGORY DATA

Table 1 Sales of Apparel Accessories by Category: Volume 2013-2018
Table 2 Sales of Apparel Accessories by Category: Value 2013-2018
Table 3 Sales of Apparel Accessories by Category: % Volume Growth 2013-2018
Table 4 Sales of Apparel Accessories by Category: % Value Growth 2013-2018
Table 5 NBO Company Shares of Apparel Accessories: % Value 2014-2018
Table 6 LBN Brand Shares of Apparel Accessories: % Value 2015-2018
Table 7 Forecast Sales of Apparel Accessories by Category: Volume 2018-2023
Table 8 Forecast Sales of Apparel Accessories by Category: Value 2018-2023
Table 9 Forecast Sales of Apparel Accessories by Category: % Volume Growth 2018-2023
Table 10 Forecast Sales of Apparel Accessories by Category: % Value Growth 2018-2023

Apparel and Footwear in Mexico - Industry Overview

EXECUTIVE SUMMARY

Demand for apparel and footwear is on the rise
Health concerns and the relaxation of dress codes boost sales of sportswear
The opening of new stores propels growth for brands investing in retail expansion
Internet retailing is set to continue to gain relevance in apparel and footwear
Demographics will influence growth in apparel and footwear

MARKET DATA

Table 11 Sales of Apparel and Footwear by Category: Volume 2013-2018
Table 12 Sales of Apparel and Footwear by Category: Value 2013-2018
Table 13 Sales of Apparel and Footwear by Category: % Volume Growth 2013-2018
Table 14 Sales of Apparel and Footwear by Category: % Value Growth 2013-2018
Table 15 NBO Company Shares of Apparel and Footwear: % Value 2014-2018
Table 16 LBN Brand Shares of Apparel and Footwear: % Value 2015-2018
Table 17 Distribution of Apparel and Footwear by Format: % Value 2013-2018
Table 18 Distribution of Apparel and Footwear by Format and Category: % Value 2018
Table 19 Forecast Sales of Apparel and Footwear by Category: Volume 2018-2023
Table 20 Forecast Sales of Apparel and Footwear by Category: Value 2018-2023
Table 21 Forecast Sales of Apparel and Footwear by Category: % Volume Growth 2018-2023
Table 22 Forecast Sales of Apparel and Footwear by Category: % Value Growth 2018-2023

DEFINITIONS

SOURCES

Summary 1 Research Sources