The value added of fabricated metal products in Mexico has shown consistent growth from 2013 to 2022, with the year-on-year growth rate peaking at 13.22% in 2015. Over the last two years, the growth rates were 3.53% in 2022 and 3.34% in 2023. The compound annual growth rate (CAGR) has steadily declined, from 9.05% in 2018 to 3.37% in 2023, indicating a slowdown. Over the next five years, the forecasted CAGR is 2.23%, with a total growth rate of 11.68% by 2028.
Future trends to monitor include potential impacts of global trade policies, advancements in manufacturing technology, and increased demand from emerging industries such as automotive and aerospace. Policy changes in Mexico that impact industrial production and trade relationships will also play a crucial role in shaping the future growth trajectory.
