From 2013 to 2019, the Air Transport Gross Value Added in Mexico showed a consistent upward trend, peaking at 75.52 billion Mexican Pesos in 2019. However, in 2020, the industry experienced a sharp decline of 58.59% due to the global pandemic, with a value drop to 31.28 billion Mexican Pesos. The sector rebounded in 2021 with a strong recovery of 116.05%, followed by a significant increase of 50.81% in 2022, reaching 101.91 billion Mexican Pesos. However, in 2023, there was a notable decline of 18.92%, bringing the value to 82.62 billion Mexican Pesos.
Forecasts from 2024 to 2028 suggest steady growth, with the sector expected to reach 111.35 billion Mexican Pesos by 2028. The forecasted CAGR over this period is 4.7%, indicating moderate but consistent growth.
Future Trends to Watch For:
- Post-COVID-19 market stabilization and growth.
- Technological advancements in air transport and logistics.
- Potential regulatory changes impacting the industry.
- Economic factors and fuel price volatility.
- Sustainability initiatives and their impact on industry practices.
