Between 2013 and 2023, the import of producer, water, and acetylene gas generators to Mexico saw considerable fluctuations, starting from 17.009 million USD in 2013 and standing at 25.575 million USD in 2023. Year-on-year variations over the last two years showed a 6.89% increase in 2022 and a modest 1.49% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years, from 2018 to 2023, was 2.98%. A significant dip in 2020 (-15.62%) was followed by a recovery in the ensuing years.
Future forecasts suggest a steady increase with values reaching 27.466 million USD by 2028, reflecting a 5-year CAGR of 1.18% and an overall forecasted growth rate of 6.05% from 2024 to 2028. This indicates moderate but consistent growth in the import market for these products.
Future trends to watch for in this sector include:
- The impact of technological advancements and efficiency improvements in gas generator technology.
- Potential shifts in energy policies and environmental regulations affecting import demand.
- Global economic conditions influencing Mexico's trade policies and purchasing power.
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