The value added of air transport in Mexico has shown a steady increase from 2013 to 2023, reaching 59.75 billion Mexican Pesos in 2023, up from 25.34 billion in 2013. The year-on-year increase in 2023 was 3.74%, following a consistent growth pattern with a notable 15.35% rise in 2016. The average annual growth rate (CAGR) over the last five years stands at 3.87%. Forecasts predict continued growth, projecting the value to reach 69.88 billion Mexican Pesos by 2028, with an expected CAGR of 2.47%.
Future trends to watch for in the air transport sector in Mexico include:
- Increasing passenger demand due to economic growth and rising incomes.
- Expansion of low-cost carriers and increased competition driving down prices.
- Ongoing infrastructure development and modernization of airports.
- Adoption of sustainable practices and green technologies in response to environmental concerns.
