The Mexican market for sporting equipment, swimming, and paddling pools showed variable growth from 2012 to 2022. The market value increased overall but experienced several fluctuations. Peak growth occurred in 2014 with a year-on-year increase of 7.3%, while 2015 and 2016 saw significant declines of -11.1% and -7.12%, respectively. Despite a recovery phase beginning in 2017, the market faced minor setbacks, with mixed year-on-year changes such as -1.13% in 2019 and -3.87% in 2020. Recent years have shown stabilization, with a smaller growth margin of 1.12% in 2022. Over the last five years, the compound annual growth rate (CAGR) averaged 1.84%. For 2023, it stood at approximately 294 million USD.
Future Trends to Watch:
- Emerging technologies in pool construction and water filtration systems.
- Increased demand for eco-friendly and sustainable materials in sporting equipment.
- The impact of health and wellness trends boosting investment in recreational goods.
- Potential regional disparities within Mexico influencing market dynamics.
| # | 32 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,751,000,000 | 2023 | +1.07% | +1.2% | View data |
| 2 | 2 China | 6,454,300,000 | 2023 | +3.53% | +3.39% | View data |
| 3 | 3 Canada | 1,624,000,000 | 2023 | -0.057% | -0.18% | View data |
| 4 | 4 France | 1,384,100,000 | 2023 | -0.27% | -0.71% | View data |
| 5 | 5 Germany | 1,298,000,000 | 2023 | +1.4% | +1.46% | View data |
| 14 | 14 Belgium | 339,530,000 | 2023 | +1.26% | +0.87% | View data |
| 15 | 15 Switzerland | 315,720,000 | 2023 | +0.51% | +0.31% | View data |
| 16 | 16 Mexico | 296,130,000 | 2023 | +1.08% | +0.68% | |
| 17 | 17 Poland | 273,850,000 | 2023 | +2.93% | +2.81% | View data |
| 18 | 18 Norway | 206,850,000 | 2023 | +1.66% | +1.25% | View data |
