Key Market Indicators
Mexican Aromatics Import is on track to hit $12.8 million by 2028, rising from its current level of approximately $11 million in 2023. This represents a compound annual growth rate (CAGR) of 2.5%. Historical data shows that since 1995, Mexican demand for aromatics has increased steadily by 1.6% each year. In stark contrast, Mexican Aromatics Export has faced a significant downturn. Exports plummeted to nearly $9,810 in 2018, a sharp decline from $52,440 in 2017. This 81.3% drop in just one year highlights a troubling trend. Over a longer period, since 1995, the country's aromatic supply for export has fallen by 67.6% annually.
