The export of aircraft parts from Mexico demonstrates significant fluctuations over the past decade. Notably, from 2013 to 2014, there was a marked increase, followed by substantial declines in the subsequent years leading to 2016. Recovery saw modest and progressively stable growth, especially from 2017 to 2023, with a modest year-on-year increase of approximately 1.58% in 2023. The Compound Annual Growth Rate (CAGR) over this last period was 1.73%. Looking forward, forecasts from 2024 to 2028 project continued moderate growth, with a forecasted 5-year CAGR of 1.25% and a total growth rate of 6.38% by the end of 2028.
Future trends to watch for include advancements in aerospace technologies, shifts in global trade policies, potential increases in international demand for aircraft, and Mexico's investment in its production capabilities. Changes in environmental regulations and innovations in sustainable aviation fuel could also impact the market dynamics significantly.
