The import of ceramic bathroom, kitchen, and other sanitary fixtures to Mexico saw a general upward trend between 2013 and 2023, with the value standing at $62.095 million in 2023. Notable fluctuations included a significant dip in 2017 (-12.56%) and a slight decline in 2020 (-1.42%). However, the sector has managed to maintain a steady year-on-year increase, particularly in the last few years (3.20% in 2023). The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 has shown an average increase of 2.89%.
Future forecasts predict a steady growth rate with a forecasted 5-year CAGR of 2.36%, and a total growth rate of 12.35% by 2028, indicating continued robust demand for these imports.
Future trends to watch for:
- Technological advancements in ceramic manufacturing impacting import dynamics.
- Shifts in global trade policies and their effects on Mexico's import behavior.
- Increasing local production capabilities potentially influencing import needs.