Amid the relocation of supply chains due to the nearshoring trend, the Mexican Association of Private Industrial Parks (AMPIP) expects that between 2024 and 2025, 453 new companies will arrive in Mexico, of which 77 would be Chinese.

According to a survey carried out by BBVA to AMPIP, since the start of the trade war between China and the United States in 2018, 830 new foreign tenants have been received, 20% of Asian origin, 207 new companies per year in that period.

Of interest: Industrial demand persists, CDMX maintains the pace reported in the first half of 2022

Likewise, the study indicates that 21% of the companies report having expanded their space within an industrial park, while only 1.4% report a decrease in space, reflecting a positive outlook.

“By 2025, growth in the demand for industrial spaces is expected: it is estimated to receive 453 new companies in the next two years, of which 20% are Chinese (77). An average of 227 new companies per year between 2023-2025, which would represent an annual growth of 9.1% over the period 2018-2022”.

Between 2018 and 2022, of the 830 new companies that arrived in the national territory, 35% were of American origin, 12% of Asian origin except China, and 9% of European origin, 6% Chinese, which for BBVA indicates a favorable dynamic of attraction of companies from various regions.

The financial institution ensures that limitations such as the supply of clean electricity at competitive prices, drainage and water supply, public safety issues and efficiency in procedures must be addressed, to maximize the opportunity offered by the nearshoring process. More than 90% of the total parks surveyed reported having had affectations related to the supply of energy and 63% to the supply of water.

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Given this, BBVA considers that the country must prepare its energy matrix for expansion, focusing on the development of renewable energies that, in addition to being more efficient in terms of costs, represent an improvement in terms of emissions that in the medium term could be an increasingly relevant requirement for companies.

“Anticipating the trend favors Mexico both in terms of competitiveness and in compliance with international agreements related to climate change. In the same way, a regulatory improvement in terms of procedures and permits could be an initial step to reduce the number of incidents that industrial park companies report,” the bank pointed out.

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Original note