The import of domestic vacuum cleaners to Mexico was valued at 1.105 million in 2023. Over the past decade, there has been a fluctuating trend, marked by a decline from 2013 to 2014, followed by an increase in 2015. The trend stabilized with minor fluctuations until 2020, which saw a slight drop. Since 2021, the market has experienced slight annual decreases, indicating a stable but slowly declining trend.
Year-on-year changes for the past two years were relatively minor, with a slight decrease of -0.14% in both 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was -0.15%, suggesting a marginal annual decline.
The forecast for the coming years (2024-2028) indicates a continued but modest decline at a forecasted 5-year CAGR of -0.12%, reaching a value of 1.0969 million by 2028. With a growth rate of -0.58%, this suggests a slow but consistent decrease in imports.
Future trends to watch for include market saturation, technological advancements that might establish alternative cleaning solutions, shifts in consumer preferences, and economic factors impacting purchasing power and import policies. Monitoring these factors will be crucial for anticipating market movements and making strategic decisions.
