The publishing industry's Gross Value Added (GVA) in Mexico has shown notable fluctuations over the years. Between 2013 and 2017, the GVA experienced moderate growth, with a Compound Annual Growth Rate (CAGR) around 3%. However, from 2018 to 2020, the industry faced significant declines, driven by a peak drop of 12.61% in 2020. The recovery started in 2021 with a year-on-year increase of 12.65%, and surged in 2022 and 2023 with growth rates of 26% and 20.34% respectively. By 2023, the publishing GVA stood at 23.77 billion Mexican Pesos.
Looking ahead to the forecasted period (2024-2028), the GVA is expected to grow robustly, with a projected 5-year CAGR of 9.31%, resulting in a total increase of 56.07% by 2028. This points to sustained positive performance in the publishing sector.
Future trends to watch for include:
- Digital transformation and increased consumption of digital publications.
- Expansion into new media and content delivery platforms.
- Continued economic recovery and its impact on consumer spending.
- Government policies and support for the publishing industry.
