From 2013 to 2023, the water collection, treatment, and supply industry in Mexico has seen significant growth with varying annual performance. The production value stood at 152.27 billion Mexican Pesos in 2023, having experienced notable year-on-year changes and fluctuating CAGR over this period. The year-on-year growth rate spiked in 2021 by 18.75%, reflecting a post-pandemic recovery, but slowed down in 2023 to 3.35%. The five-year CAGR to 2023 averaged at 3.44%, indicating moderate sector expansion.
Looking forward, the forecast suggests a steady growth trend with the sector projected to grow to 177.65 billion Mexican Pesos by 2028. The forecasted five-year CAGR stands at 2.48%, indicating a stable yet modest growth trajectory. Key trends to watch will include advancements in water treatment technologies, governmental regulations, and the impact of climate change on water availability and demand.
