The Metal Ores Mining Gross Value Added in Mexico showed a significant upward trend from 2013 to 2023, with noticeable fluctuations. In 2023, the value stood at 272.75 billion Mexican Pesos. The year-on-year variations highlight notable growths in several years, particularly in 2020 and 2021 with respective increases of 29.7% and 22.96%. Over the last five years leading to 2023, the compound annual growth rate (CAGR) was approximately 9.36%, demonstrating robust growth in the sector.
Looking forward, the forecasts from 2024 to 2028 predict a steady rise, with a forecasted CAGR of 3.33% and an overall growth rate of 17.77% during this period. This suggests a slower yet consistent growth trajectory for the sector. Key trends to observe include potential impacts from global commodity prices, advancements in mining technologies, and regulatory changes impacting mining operations in Mexico.
