The Gross Value Added (GVA) for Coal and Lignite Mining in Mexico displayed significant fluctuations from 2013 to 2023, peaking at 8.81 billion Mexican Pesos in 2018. Notably, the sector faced a sharp contraction in 2020 with a significant drop in value, followed by a recovery phase marked by a 27.46% increase in 2021. By 2023, the GVA stood at 5.97 billion Mexican Pesos, indicating a modest year-on-year growth of 3.77% and reflecting a recovery after a volatile period.
Over the past five years, the sector experienced an average annual decline (CAGR) of -7.49%. Forecasts suggest a positive trend with a projected average annual growth (CAGR) of 2.3% from 2024 to 2028, anticipating a total growth rate of 12.06% over the next five years.
Future trends to monitor:
- Global energy transition impacts affecting coal demand.
- Regulatory changes and environmental policies in Mexico.
- Technological innovations in mining efficiency and safety.
- Fluctuations in global coal prices and trade dynamics.
