The import of parts and accessories for motor vehicles to Mexico has seen a steady growth trend. In 2023, the import value stood at 31.625 billion USD. Forecasted data from 2024 to 2028 show a consistent year-on-year increase, with the value expected to reach 36.422 billion USD by 2028. Specifically, this represents an approximate annual growth rate (CAGR) of 3.54% over the five-year upcoming period.
Year-on-year variations are as follows:
- From 2023 to 2024: 3.05%
- From 2024 to 2025: 3.03%
- From 2025 to 2026: 2.89%
- From 2026 to 2027: 2.75%
- From 2027 to 2028: 2.62%
Future trends to watch for include potential impacts of technological advancements in automotive parts manufacturing, trade policy changes, supply chain adjustments, and shifts in demand due to emerging electric and autonomous vehicle markets. These factors could influence both the rate of import growth and the specific types of motor vehicle parts and accessories imported into Mexico.
