The production of sports activities, amusement, and recreation activities in Mexico experienced a varied trajectory between 2013 and 2023. With a standing value of 57.95 billion Mexican pesos in 2023, the sector exhibited steady growth with occasional downturns. The compound annual growth rate (CAGR) from 2013 to 2023 stood at 2.79%. Notably, the sector faced a significant decline of -14.38% in 2020, likely due to the impacts of the COVID-19 pandemic, followed by a robust recovery in 2021 with a 24.1% increase. Over the last two years, the growth was modest with a year-on-year increase of 2.85% in 2022 and 2.72% in 2023.
Looking forward, the sector is forecasted to continue its growth at a slower pace with a 5-year CAGR of 2.04%, reaching 65.96 billion Mexican pesos by 2028. This suggests a more stabilized and consistent upward trend compared to the past decade's fluctuations. Future trends to watch for include the potential impacts of technology integration, increased consumer demand for experiential activities, and potential regulatory changes affecting the sector. In addition, the post-pandemic recovery in global tourism may influence growth positively, along with increased investments in infrastructure and facilities tailored to sports and recreation.
