The import of electronic printed circuits to Mexico has shown variable growth over the past decade, often fluctuating year by year. From 2021 to 2023, the imports grew from 2.6323 billion dollars to 2.7449 billion dollars, reflecting a year-on-year increase of 2.07%. The most significant recent annual growth occurred in 2021, with a 23.2% increase in imports. On average, the compound annual growth rate (CAGR) over the last five years (2018-2023) was 1.69%. The forecast for the next five years (2024-2028) predicts a steady increase, with a forecast 5-year CAGR of 1.59% leading to a total growth rate of 8.19% by 2028.
Future Trends to Watch for:
- Technological advancements and innovation in the electronics industry, potentially driving higher demand and import needs for advanced circuits.
- Potential geopolitical and trade policy changes impacting supply chains and import costs.
- Adaptation and integration of emerging technologies like IoT and 5G, increasing the complexity and volume of electronic components required.
- Economic conditions, both globally and within Mexico, which could influence overall import activity.
