From 2013 to 2023, the imports of machines for testing mechanical properties of metals to Mexico have shown variability with periods of significant growth and decline. In 2023, the import value stood at 20.22 million USD. Year-on-year changes ranged from as low as -27% in 2016 to as high as 53.6% in 2014. Over the last two years (2022-2023), the average annual growth rate was approximately 2.32%. Analyzing the five-year CAGR from 2018 to 2023, we observe an average annual growth rate of 4.11%.
For the forecast period from 2024 to 2028, a steady growth with a CAGR of 1.73% and a 5-year growth rate of 8.94% is expected. This indicates a more stable and gradual increase in demand for these machines. Factors to monitor include technological advancements in testing machinery, shifts in the Mexican metallurgical sector, and trade policies impacting imports.
