Forecast: Import of Agricultural, Horticultural or Forestry Machinery to Mexico

  • 2013-2018: The import value showed a downward trend, notably dropping from $53.512 million in 2013 to $41.187 million in 2018, capturing a consistent overall decline of approximately 5% annually.
  • 2019-2023: The import values stabilized somewhat, with a slight decline and fluctuations around $40 million. The CAGR during this period was a mild -0.28%.

Future Trends:

The forecast indicates a slight gradual decline with a 5-year CAGR of -0.52%, leading to an estimate of $39.297 million by 2028. It will be critical to monitor factors such as government policies, technological advancements, and economic conditions influencing the agricultural sector.

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