The import of optical fibres and cables to Mexico has shown a generally upward trend from 2013 to 2023, standing at $537.39 million in 2023. Despite fluctuations, the average compound annual growth rate (CAGR) over this period was 3.54%. The data reflect some volatility, especially with significant downturns in 2017 (-0.74%) and 2020 (-13.51%), followed by a noticeable recovery in 2021 (27.75%). Over the last two years, the year-on-year variations are 3.52% between 2022 and 2023, and 1.69% between 2021 and 2022. The future forecast indicates a consistent growth trend with a 5-year CAGR of 2.56%, expecting the imports to reach $633.49 million by 2028, signifying a forecasted 13.49% growth rate over these five years.
Future trends to watch for:
- Monitoring advancements in telecommunication technologies which could drive demand for higher imports.- Investment in infrastructure projects within Mexico that might increase the need for optical fibres and cables.- External economic factors and trade policies that could impact import volumes.
