Forecast: Production of Warehousing and Support Activities for Transportation in Mexico

The production of warehousing and support activities for transportation in Mexico has shown significant growth over the past decade, reaching 368.78 billion Mexican Pesos in 2023. From 2013 to 2023, the market demonstrated a Compound Annual Growth Rate (CAGR) of 6.18%, peaking at 343.94 billion Mexican Pesos in 2021. Despite a sharp decline in 2020 due to the pandemic, the sector rebounded with a 25.14% year-on-year increase in 2021. The market's year-on-year growth rate has stabilized to around 3.45% by 2023.

Future projections indicate a steady but slower growth rate, with an anticipated CAGR of 2.52% over the next five years, reaching 432.99 billion Mexican Pesos by 2028.

- Trends:

- Considerable growth from 2013 to 2023, except for the pandemic-impacted 2020.

- Post-pandemic recovery in 2021 with a significant year-on-year increase.

- Stabilization in recent years with moderate growth.

- Future Trends to Watch:

- Impact of technological advancements in the logistics and transportation sectors.

- Potential influence of economic policies and trade agreements.

- Shifts in global supply chain dynamics and their effects on the warehousing and support activities market.