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$23.4 million by 2027. The Luxury Eyewear eCommerce market is a sub-market of the Eyewear market. Further categories within the Eyewear market are: Eyewear Frames, and Sunglasses.
eCommerce revenue development in the Luxury Eyewear market in Mexico
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 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 |
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