In 2023, the production volumes of publishing, audiovisual, and broadcasting activities in Mexico stood at 183.27 billion Mexican Pesos. The sector has demonstrated a steady growth trend from 2013 to 2019, with only a minor setback in 2020, attributable to the global pandemic. Notably, the year-on-year variation for 2021 was significant at 9.12%, while 2022 saw a minimal decline. The latest five-year compound annual growth rate (CAGR) leading up to 2023 was 1.6%, indicative of moderate growth.
Looking forward, the forecasted data suggest a sustained growth trajectory, with a projected 5-year CAGR of 1.18%, leading to an overall increase of 6.04% by 2028. This indicates a consistent, albeit gradual, upward trend in production volumes.
Future trends to watch for include the impact of digital transformation on traditional publishing sectors, evolving consumer preferences towards streaming and on-demand services, and potential regulatory changes influencing the audiovisual and broadcasting industries.
