The import of Furniture, Lighting, Signs and Prefabricated Buildings to Mexico has shown a generally increasing trend from 2013 to 2023, standing at $4.5502 billion USD in 2023. The past year saw a modest growth of 2.5% after an 8.02% increase in 2022. Despite a significant dip in 2020 (-14.61%), the market rebounded with a 17.6% rise in 2021, reflecting resilience. On average, the compound annual growth rate (CAGR) over the past five years has been 2.74%.
Looking forward to the forecasted period from 2024 to 2028, the market is expected to continue its upward trajectory, with a projected average annual growth rate of 1.9% and an overall growth rate of 9.89% over the five years. Key factors to watch for include potential impacts of economic fluctuations, changes in trade policies, and evolving consumer preferences for more innovative and sustainable products.