The coal and lignite mining output in Mexico stood at 9.92 billion Mexican Pesos in 2023, marking a modest increase of 3.33% from the previous year. Over the past decade, the industry saw fluctuating growth with notable peaks in 2017 and 2018, followed by a sharp decline in 2020 due to external factors likely including the COVID-19 pandemic. The output slightly rebounded in 2021 and has remained relatively stable since then.
Forecasts suggest a continuous but modest increase in output, with a Compound Annual Growth Rate (CAGR) of 2.25% over the next five years, indicating an 11.75% overall growth by 2028. Despite the recent volatility, this projected growth suggests a more stable and gradual upward trend.
Future trends to watch:
- Technological advancements improving mining efficiency
- Environmental regulations potentially impacting production levels
- Global market demand for coal and lignite affecting export opportunities
- Alternative energy sources impacting long-term demand for coal
