The import of parts of domestic electro-thermic apparatus to Mexico was valued at 43.2 million US Dollars in 2023. For 2024, this number is forecasted to slightly decrease to 42.862 million US Dollars. The expected values for the subsequent years continue on this declining trend, with 42.497 million US Dollars in 2025, 42.139 million US Dollars in 2026, 41.789 million US Dollars in 2027, and 41.445 million US Dollars in 2028.
The year-on-year percentage variation shows a consistent decline, indicating that imports of these parts are expected to decrease over the upcoming years. Specifically, the forecasted value decreases by approximately -0.85% in 2025, -0.84% in 2026, -0.83% in 2027, and -0.82% in 2028.
Looking at the compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028, the average annual decline is anticipated to be around -0.84%.
Future trends to watch for include potential shifts in the global supply chain, changes in the Mexican market preference for domestic electro-thermic apparatus, and possible impacts of technological advancements that might alter the demand for replacement parts. Additionally, trade policies and economic conditions could further influence import trends.
