Fashion market in Mexico

The Mexican Fashion eCommerce market is predicted to reach US$6,823.3 million by 2023 and accounts for 16.2% of the total eCommerce market in Mexico. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 13.0%, resulting in a projected market volume of US$11,109.0 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Apparel, Bags & Accessories, and Footwear.

Market development

eCommerce revenue development in the Luxury Eyewear market in Mexico

The Mexican Luxury Eyewear eCommerce market is predicted to reach US$17.8 million by 2023 and accounts for 15.7% of the Eyewear eCommerce market in Mexico. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 7.2%, resulting in a projected market volume of US$23.4 million by 2027. The Luxury Eyewear eCommerce market is a sub-market of the Eyewear market. Further categories within the Eyewear market are: Eyewear Frames, and Sunglasses.

eCommerce revenue development in the Luxury Eyewear market in Mexico

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV (in US$) 58.7 97.4 29.4 33.1 17.1 88.0 68.1 53.1
CVR (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV: Average Order Value CVR: Conversion Rate