The import of motorcycle parts, except saddles, to Mexico has shown a steady growth over the past decade, reaching a volume of 43.972 million kilograms in 2023. Despite some fluctuations, including a notable dip in 2020, the overall trend has been positive. Year-on-year growth rates have varied, with significant increases in 2021 (19.99%) and 2022 (10.02%), followed by a moderate rise in 2023 (4.24%). The compound annual growth rate (CAGR) over the past five years stands at 4.87%.
Looking ahead, the forecasted data predicts a continued upward trend, albeit at a slightly slower pace with an expected CAGR of 3.04% over the next five years, leading to a projected volume of 53.187 million kilograms by 2028. This represents a total growth rate of 16.15% from 2024.
Future trends to watch for:
- Technological advancements in motorcycle parts production
- Changes in import regulations and trade agreements
- Economic conditions impacting consumer spending
- Environmental policies influencing the shift towards electric motorcycles
- Market dynamics in the global supply chains
