Between 2013 and 2023, the production volumes of computer, electronic, and optical products in Mexico have shown significant variations. In 2023, the production value stood at 1.6176 trillion Mexican Pesos, reflecting a steady increase since 2021. The year-on-year growth in 2023 was 1.6%, and the average annual growth over the last five years (CAGR) was approximately 1.58%. Despite a steep decline in 2020, the sector rebounded strongly in 2021 with a 22.56% increase, and it has maintained positive growth since then.
Future trends to watch for include the impact of technological advancements, changes in global supply chains, and economic policies. Given the forecasted CAGR of 1.25% over the next five years and a forecasted growth rate of 6.39% by 2028, the sector is expected to continue expanding but at a relatively moderate pace. Monitoring shifts in consumer electronics demand and investment in local manufacturing capabilities will be crucial for sustained growth.
