The production of copper secondary refinery in Mexico has shown a notable stable phase up until 2018, maintaining at 5.0 thousand metric tons. However, the years following 2019 displayed a steady decline. In 2023, the production stood at 4.25 thousand metric tons, reflecting a near 3% year-on-year decrease from 2022, which itself had seen nearly a 3% drop from 2021. Over the past five years, the compound annual growth rate (CAGR) was negative, marking a decline of -3.22% annually.
Future trends indicate a continued downturn, with forecast data predicting a reduction to 3.56 thousand metric tons by 2028. This points to an average decline of -2.78% per year over the next five years. Overall, the industry is expected to experience a total decrease of 13.14% over this forecast period.
Key trends to watch for include technological advancements in recycling processes, potential regulatory changes, and the fluctuating demand for copper driven by global market conditions. Strategic shifts towards sustainable practices might also impact the overall production dynamics in the sector.
