The import volume of machinery for the preparation of fruits, nuts, and vegetables to Mexico stood at 393.87 thousand kilograms in 2023. Over the past decade, this market has experienced fluctuations highlighted by significant rises and falls. From a high year-on-year growth of 39.27% in 2013, the market experienced a notable decline in 2015 and 2020. The most recent trends show a moderate and consistent growth of approximately 0.6% year-on-year by 2022 and 2023. Analyzing the past five years, the average compound annual growth rate (CAGR) has remained stable at around 0.61%.
Forecasted data from 2024 to 2028 suggest a continued steady increase in import volumes with a forecasted 5-year CAGR of 0.47%, indicating a relatively stable growth trend, albeit slow.
Future trends to watch for:
- Technological advancements in machinery improving efficiency and driving demand.
- Policy changes and trade agreements impacting import regulations and costs.
- Economic fluctuations affecting purchasing power and investment in machinery.
- Shifts in consumer preferences towards processed fruits, nuts, and vegetables.
