The motion picture, video, and TV programme production output in Mexico has experienced significant fluctuations from 2013 to 2023. Starting from 45.34 Billion Mexican Pesos in 2013, there was a progressive increase until 2019, with a peak at 78.5 Billion Mexican Pesos. The COVID-19 pandemic caused a drastic drop in 2020, with a slight recovery over the following years.
In 2023, the value stood at 48.0 Billion Mexican Pesos, reflecting a minor decline of 2.53% compared to the previous year. Over the past five years, the industry has faced a cumulative average growth rate (CAGR) of -7.42%. Forecasts for 2024-2028 indicate moderate recovery with a forecasted 5-year CAGR of 2.19% and an estimated growth rate of 11.43% over the period.
Future trends to watch for include potential impacts of new streaming platforms entering the market, evolving consumer preferences towards digital content, and government policies supporting the entertainment industry. The industry's ability to adapt to these factors will be critical for sustained growth.
