The export of compressors for refrigerating equipment from Mexico has demonstrated variability over the past decade, with notable peaks and troughs. In 2013, exports stood at 40.493 million kilograms, reaching their highest value of 63.795 million kilograms in 2015. Since then, there has been a general trend of decline and recovery, with minor fluctuations. In 2023, the export volume was 52.438 million kilograms.
In recent years, there was a significant decline in 2020 with a year-on-year variation of -16.69%. However, this was followed by a notable increase of 20.92% in 2021. From 2022 to 2023, the growth rate remained steady with minor increases of 0.36% and 0.35% respectively. The five-year CAGR from 2019 to 2023 was 1.86%, indicating a modest average annual growth.
Future trends to watch for include the forecasted steady growth from 2024 to 2028, with the export volume expected to reach 53.391 million kilograms by 2028. The forecasted five-year CAGR is anticipated to be minimal at 0.28%, indicating stability but limited rapid growth. Monitoring global market demands and technological advancements in refrigerating equipment will be crucial for future growth prospects.
