The media and entertainment output in Mexico experienced robust growth from 2013 to 2018, with year-on-year variations consistently positive, peaking at 8.89% in 2015. However, the sector faced a significant downturn in 2020 with a dramatic 35.29% decrease in output, impacted by the global pandemic. Recovery was evident in subsequent years, marked by exceptional growth of 42.74% in 2022. In 2023, the output stood at 202.22 billion Mexican Pesos, albeit with an 11.37% decline from the previous year. Over the last five years, the compound annual growth rate (CAGR) averaged at 0.71%.
Forecast data from 2024 to 2028 projects a steady, if modest, recovery for the sector with a forecasted 5-year CAGR of 2.17%, cumulatively growing by 11.34% by 2028.
Future trends to watch for:
- Recovery and stabilization post-pandemic impacts
- Technological advancements in digital media
- Growing consumer demand for online streaming services
- Regulatory changes and their impact on traditional media
