Between 2013 and 2023, the production of air transport in Mexico demonstrated robust growth, with some fluctuations. Starting at 106.77 billion pesos in 2013, the industry experienced substantial year-on-year increases, particularly 27.62% in 2014 and 19.91% in 2016. By 2019, the production value reached 243.98 billion pesos. However, the COVID-19 pandemic in 2020 caused a significant 41.26% decline. A strong recovery followed, marked by an 86.74% increase in 2021. As of 2023, the production value stands at 290.33 billion pesos, showing a 4.03% year-on-year growth. The 5-year CAGR up to 2023 is 3.97%.
Forecasted data for 2024-2028 suggests a continual upward trend, with production expected to reach 349.03 billion pesos by 2028. The forecasted 5-year CAGR is 2.89%, contributing to an overall growth rate of 15.32% during this period.
Future Trends to Watch:
- Emerging technologies in air transport operations
- Environmental regulations impacting air transport production
- Potential economic fluctuations and their effects on travel demand
- Long-term impacts of the COVID-19 pandemic on air transport infrastructure
- Growth of regional air services and low-cost carriers
