In the years leading up to 2023, the programming and broadcasting activities output in Mexico exhibited significant volatility. From 2013 to 2019, the industry showed steady annual growth with some fluctuations, particularly with the notable drops in 2019 (-7.01%) and 2020 (-16.07%), likely influenced by broader economic conditions such as the COVID-19 pandemic. Post-2020, the sector saw a remarkable rebound, with substantial year-on-year increases of 30.3% in 2021 and a staggering 53.28% in 2022. As of 2023, the industry stood at 189.49 billion Mexican pesos, marking a 34.24% increase from the previous year. The compound annual growth rate (CAGR) from 2018 to 2023 was impressive at 15.91%.
Looking ahead, forecasts suggest continued robust growth in the sector, with a projected output reaching 424.67 billion Mexican pesos by 2028. This constitutes a forecasted 5-year CAGR of 12.33%, translating to a total growth rate of 78.83% within that period. Companies should monitor emerging trends such as the increasing importance of digital content, shifts in consumer media consumption habits, and technological advancements in broadcasting, which are likely to drive future growth and transformation in Mexico’s programming and broadcasting industry.
