Mexico Denim Market Size & Outlook, 2022-2030
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Mexico denim market highlights
- The Mexico denim market generated a revenue of USD 357.4 million in 2022 and is expected to reach USD 461.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, mass was the largest revenue generating category in 2022.
- Luxury is the most lucrative category segment registering the fastest growth during the forecast period.
Denim market data book summary
| Market revenue in 2022 | USD 357.4 million |
| Market revenue in 2030 | USD 461.4 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Luxury |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium, Luxury |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global denim market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. denim market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,165.4 million by 2030.
Mass was the largest segment with a revenue share of 64.49% in 2022. Horizon Databook has segmented the Mexico denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
The growing middle class in Mexico is increasingly demanding higher-quality denim products. This is due to a number of factors, including the increasing exposure of Mexicans to international fashion trends, the rising disposable income of the middle class, and the growing awareness of the importance of quality clothing.
One of the key trends mentioned is the increasing demand for women's denim in Mexico. Traditionally, Mexico has been seen as a men's-only production hub, but investments in advanced spinning and fiber technologies have led to a surge in demand for women's fabrics.
Another trend is the growing popularity of sustainable denim, as consumers become more aware of the environmental impact of the fashion industry. In addition, the new trade agreement between Mexico, the U.S., and Canada (USMCA) has removed some of the tariffs on denim exports from Mexico, making it more competitive in the global market.
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Denim Market Scope
Denim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KG Denim | View profile | 1001-5000 | Coimbatore, Tamil Nadu, India, Asia | https://www.kgdenim.com |
| Grupo Santana Textiles | View profile | 1001-5000 | Horizonte, Ceara, Brazil, South America | http://www.santanatextiles.com/ |
| Vicunha | View profile | 5001-10000 | Pinheiros, Sao Paulo, Brazil, South America | https://www.vicunha.com/ |
| Naveena Group | View profile | 1001-5000 | Karachi, Sindh, Pakistan, Asia | http://naveenagroup.com |
| Cone Mills | View profile | 1-10 | Greensboro, North Carolina, United States, North America | https://www.conedenim.com |
| Prosperity Textile | View profile | 1001-5000 | Guangzhou, Guangdong, China, Asia | https://www.prosperity-textile.com/ |
| Arvind | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | http://arvind.com |
| ISKO | View profile | 251-500 | Bursa, Bursa, Turkey, Europe | https://iskodenim.com |
| Raymond | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | http://www.raymondindia.com |
Mexico denim market size, by type, 2018-2030 (US$M)
Mexico Denim Market Outlook Share, 2022 & 2030 (US$M)
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