Household expenditure on household appliances in Mexico has demonstrated significant growth over the past decade, with expenditure rising from 130.66 billion pesos in 2013 to 332.01 billion pesos in 2023. The year-on-year increase in 2022 was 6.01%, and in 2023 it was 5.69%. The compound annual growth rate (CAGR) over the last five years leading up to 2023 averaged 7.87%, indicating robust growth.

Looking ahead, the forecasted data suggests continued growth, albeit at a slightly moderated pace, with a five-year CAGR of 3.67% and an overall growth rate of 19.75% by 2028. This steady increase indicates a sustained demand for household appliances in the market.

Future trends to watch for include:

Technological advancements driving newer, more efficient household appliances.
Increased consumer spending linked to economic stability and rising disposable incomes.
Growing environmental awareness leading to a higher demand for energy-efficient appliances.
Potential impacts of economic policies and global market conditions on household expenditure trends.