The import of carbon and graphite brushes to Mexico has shown a general downward trend from 2013 to 2023, with a value standing at 34.62 million USD in 2023. Significant variation includes a major drop in 2020 with a 17.31% decrease, followed by a recovery in 2021 with a 20.04% increase. The overall compound annual growth rate (CAGR) over the past five years is -0.12%, indicating a slight decline.
Looking ahead, the forecast from 2024 to 2028 suggests a sustained gradual decline with a five-year CAGR of -0.3%, amounting to a projected value of 33.969 million USD by 2028. The growth rate over these forecasted years is projected to be -1.49%.
Future trends to watch for include:
- Shifts in industrial demand for carbon and graphite brushes, which could influence import volumes.
- Technological advancements in alternative materials that may disrupt market demand.
- Changes in international trade policies that could impact import costs and volumes.