The import of textile wall coverings to Mexico has exhibited fluctuating trends over the past decade. In 2023, the value of imports stood at 496.35 thousand US dollars, with a year-on-year variation of 1.73%. The last five years have shown an average annual growth rate (CAGR) of -0.32%, indicating a relatively stable but slightly declining market.
Future forecasts suggest a gradual increase in the import value, with the CAGR for the next five years projected at 1.34%. By 2028, the import value is expected to reach 540.45 thousand US dollars, representing a total growth of 6.89% from 2024.
Future trends to watch for include:
- Economic factors that may impact consumer spending on home decor.
- Shifts in interior design trends that could boost or reduce demand for textile wall coverings.
- Trade policies and tariffs that could affect import costs and availability.