The import of parts of aircraft and spacecraft to Mexico has shown substantial variability over the past decade. From a low of 88.113 million USD in 2013, imports peaked at 143.29 million USD in 2022. Notable fluctuations include a sharp rise of 39.13% in 2014, a dip of 16.04% in 2016, and a recovery marked by smaller oscillations in the ensuing years.
In 2023, the import value stood at 146.36 million USD. The year-on-year variation from 2022 to 2023 was 2.14%. Over the last two years, the variation has averaged around 4.88%, while the CAGR for the past five years is approximately 1.76%.
Future projections estimate the import value rising steadily, reaching 161.99 million USD by 2028 with an average annual growth rate (CAGR) of 1.65%, translating to a forecasted 8.55% total growth over the next five years.
Future trends to watch for
- Fluctuations in global aerospace manufacturing and supply chains.- Changes in international trade policies and tariffs.- Technological advancements in aircraft and spacecraft manufacturing.- Economic conditions and defense spending affecting demand.- Supply chain resilience against geopolitical tensions and global crises.
