The production volumes of air transport in Mexico have shown notable growth from 2013 to 2019, reaching a peak before a significant dip in 2020 due to the pandemic. However, recovery was swift with substantial year-on-year growth of 84.95% in 2021, stabilizing with moderate increases of 3.38% in 2022 and 3.2% in 2023. As of 2023, the production volume stood at 253.86 billion Mexican pesos. Forecasts predict continued growth, albeit at a slower annual average (CAGR of 2.36%) over the next five years, with an expected volume of 295.02 billion pesos by 2028.
Trends to watch for include:
- Technological advancements and their impact on operational efficiency and capacity.
- Recovery of global tourism and business travel post-pandemic.
- Environmental regulations influencing the adoption of sustainable practices in air transport.
- Investment in infrastructure and connectivity improvements within Mexico.