Forecast: Import of Electric Cooking, Grilling and Roasting Equipment to Mexico

The import of electric cooking, grilling, and roasting equipment to Mexico exhibited a fluctuating but generally upward trend from 2013 to 2023, moving from 4.5 million kilograms to 6.7 million kilograms. A slight decline in import volumes was observed in certain years (most notably in 2014 and 2020), but the overall CAGR over the last five years stood at 3.15%. Year-on-year variations show a mix of increases and minor decreases, particularly visible with an 8.56% rise in 2021 followed by gradual incremental increases through 2023 at 2.83%.

Forecasts predict a steady growth, leading to an expected volume of 7.6 million kilograms by 2028, representing an estimated 2.12% CAGR over the next five years. This signals sustained demand growth albeit at a slower pace compared to the earlier years.

Future trends to watch for:

  • Technological advancements in electric cooking appliances.
  • Changing consumer preferences towards energy-efficient and smart cooking solutions.
  • Economic factors and trade policies affecting import sustainability and costs.
  • Potential market impact of local production capacities and competition.

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