The forecasted values for Mexico's aerospace industry export market share suggest a steady growth from 0.78 in 2024 to 0.9 in 2028. This shows a consistent upward trend over the five-year forecasted period. In 2023, the actual market share value stood at 0.75, providing a baseline.
The year-on-year variation from 2024 to 2025 is 3.85%, from 2025 to 2026 is 3.7%, from 2026 to 2027 is 3.57%, and from 2027 to 2028 is 3.45%. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 3.72%. This sustained growth indicates a healthy expansion in Mexico's aerospace export market share.
Future trends to watch for include:
- Technological advancements that could drive further efficiency and export potential.
- Trade relations and agreements that might affect export capabilities.
- Global aerospace demand and competition impacting Mexico's market positioning.
- Policy changes within Mexico that could either incentivize or deter aerospace industry growth.