The rail passenger transport movements in Mexico displayed fluctuating trends over the last decade. After a steady increase from 2013 to 2018, there was a minor dip in 2019 followed by a significant decrease during 2020 and 2021, primarily due to pandemic-related disruptions. However, there was a strong recovery in 2022 with a notable year-on-year growth of 207.51%, reaching 1.43 billion passenger kilometers. In 2023, the value increased further to 1.68 billion passenger kilometers, marking a year-on-year growth of 17.52%. The 5-year CAGR from 2019 to 2023 was 1.14%.
The forecast indicates a gradual increase in rail passenger transport movements up to 2028, with a projected CAGR of 1.35% and total growth of 6.94% in this period, reaching an estimated 1.83 billion passenger kilometers by 2028.
Future trends to keep an eye on include:
- Potential impacts of new rail infrastructure projects and expansions in Mexico.
- Shifts in passenger preferences towards sustainable transportation options.
- Economic factors and their influence on rail travel demand.
- Technological advancements in rail transport efficiency and service offerings.
