The import of diesel engines for motor vehicles to Mexico has been on a general upward trend from 2013 to 2023. The volume stood at 360.28 million kilograms in 2023, marking a 2.7% year-on-year increase. The compound annual growth rate (CAGR) for the last five years has averaged 2.99%. The series experienced some volatility, particularly in 2020 during which imports dropped by 14.4%, likely due to the global pandemic. Over the longer term, from 2013 to 2023, the overall trend has been positive, indicating strong and increasing demand.
Looking forward, imports are forecasted to continue their upward trajectory, reaching 408.75 million kilograms by 2028, with a projected 5-year CAGR of 2.04%. Key areas to watch include the impact of technological advancements in diesel engines, changes in emission regulations, and macro-economic factors affecting the automotive industry.
