The value added of computer, electronic, and optical products in Mexico showed a consistent growth trajectory from 2013 to 2023, increasing from 176.55 billion Mexican Pesos in 2013 to 417.6 billion Mexican Pesos in 2023. After a peak growth phase between 2013 and 2016, where year-on-year variations reached up to 28.39%, the growth rate stabilized post-2017. The year 2021 experienced a slight decline at -1.25%, but this was followed by a recovery phase with steady positive growth. The five-year CAGR stood at 3.55% by 2023. From 2024 onwards, the sector is forecasted to continue its steady growth, with a five-year CAGR of 2.18%, reaching 480.06 billion Mexican Pesos by 2028.
Future trends to watch for include advancements in technology driving innovation, the impact of global supply chain shifts, potential trade policies affecting exports, and domestic market expansion for electronics and optical products in Mexico. Close monitoring of these factors will be crucial for anticipating future market performance.
