Forecast: Import of Prefabricated Buildings to Mexico

The import volume of prefabricated buildings to Mexico in 2023 stood at 40.939 million kilograms, reflecting a -6.21% year-on-year decline. This continued the negative trend seen in 2022 with a -1.01% decline and follows a general downward trajectory from the peak of 62.13 million kilograms in 2017. The Compound Annual Growth Rate (CAGR) over the last five years was -5.89%, showcasing a notable overall contraction.

Forecasted data indicates further declines, with imports expected to fall to 26.647 million kilograms by 2028, translating to a -6.75% CAGR and an overall reduction of -29.5% over the next five years.

Future trends to watch for include:

- Potential influences of Mexico's economic policies on construction and import activities.

- Developments in local production capabilities that could reduce reliance on imports.

- Global supply chain disruptions and their potential impact on import volumes.