The production volumes in Mexico's transportation and warehousing sector have steadily increased from 2013 to 2019, with a dip in 2020 due to the pandemic, and a strong recovery in 2021. In 2023, the actual production volume stood at 2.4277 Trillion Mexican Pesos, marking a 1.8% year-on-year increase over 2022. Over the past five years leading up to 2023, the sector experienced an average annual growth rate (CAGR) of 1.82%. Future forecasts indicate a continued but moderate growth trend with a projected CAGR of 1.39% from 2024 to 2028.
Future trends to watch for:
- Technological advancements in logistics and supply chain management.
- Impact of government policies and infrastructure investments.
- Global economic conditions affecting trade and transportation demand.
- Environmental regulations and the shift towards sustainable transportation solutions.