Forecast: Mining and Quarrying Output in Mexico

The mining and quarrying output in Mexico demonstrated fluctuating trends from 2013 to 2023, with considerable drops in 2015 and notable recoveries in subsequent years. Specifically, in 2023, the output stood at 1.7333 trillion Mexican Pesos. Year-on-year variations highlighted significant declines, such as a -30.31% in 2015 and a -9.49% in 2020. Notable growth periods included a 26.15% increase in 2017 and consistent positive growth post-2020, culminating in a 2.5% rise in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged at 3.47%.

Looking forward, forecasted values from 2024 to 2028 suggest a gradual but steady increase in mining and quarrying output, with a forecasted 5-year CAGR of 1.79% and an overall growth rate of 9.29%. This indicates sustained growth albeit at a gentler pace compared to previous years.

Future trends to watch for:

• Technological advancements improving mining efficiency and output.
• Possibility of regulatory changes impacting the sector.
• Global economic conditions influencing demand for minerals and quarry products.
• Environmental considerations and sustainability practices affecting operational practices and costs.