The aerospace industry exports in Mexico have shown significant growth over the past decade, peaking by 2019, where exports reached 3.46 billion USD. The pandemic impact caused a sharp decline in 2020 and 2021. However, the industry's resilience is evident as exports rebounded strongly by 2023, reaching 3.79 billion USD. The CAGR over the past 5 years stood at 5.15%, indicating a steady recovery and growth trend.
Year-on-year variations over the last two years were notable:
- 2022: an impressive increase of 106.36%
- 2023: a solid growth of 18.62%
Future trends to watch for:
- Continued recovery post-pandemic with a forecasted CAGR of 5.04% over the next 5 years.
- The growth rate is expected to reach 27.88% by 2028, aligning with increasing global demand and potential policy support.
Overall, while volatility remains, the aerospace industry in Mexico demonstrates promising growth prospects looking ahead to 2028.
