Mexico | BBVA Research-AMPIP Survey, 2nd edition

Summary

BBVA Research and the Mexican Association of Private Industrial Parks (AMPIP) conducted the second edition of the survey to identify opportunities and challenges of nearshoring

Key points

• Key points:
• The survey, conducted in May 2024, covers 53.1% of AMPIP industrial parks and 92.9% of Mexico states with an AMPIP member present.
• In 2023, the arrival of new firms accelerated; respondents reported receiving 196 new tenants, 46.3% above the annual average between 2018 and 2022. From the new tenants 46% came from the United States (U.S.), and 17% from China.
• Of these 196 new firms, 37% are mainly in the manufacturing industry (excluding automotive), 27% are in the automotive industry, and 36% are in logistics activities.
• Respondents estimated that the pace of firm arrival will continue for 2024 and 2025, with an expected 201 and 198 new tenants, respectively. They estimate that 34% will come from the U.S. and 17% from China.
• Furthermore, 94% of respondents reported that they have experienced an increase in demand and/or profitability of industrial spaces, which is consistent with the current occupancy level of 98% in AMPIP parks.

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