The analysis of the Land Transport and Pipeline Transportation output in Mexico reveals a steady increase from 2013 to 2019, with a notable dip in 2020 due to the pandemic's impact, followed by a robust recovery in 2021 and significant growth peaking in 2022. While 2023 saw a slight decrease, bringing the value to 2.391 trillion Mexican Pesos, the overall trend remains positive. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.86%, indicating moderate long-term growth.
Looking ahead, forecasts through 2028 suggest a continued upward progression, albeit at a more stable rate, with a projected CAGR of 2.66% and an overall growth rate of 14.01%. Key future trends to watch include the impact of infrastructure developments, regulatory changes, and advancements in technology, which could influence the sector's growth trajectory.
