The Chemicals Manufacturing Value Added in Mexico has declined steadily from 2013 to 2023, with a notable fall from 11.24 to 7.29. The recent years show minor fluctuations but generally maintain a downward trend, with the Compound Annual Growth Rate (CAGR) over the last five years at -2.25%. From 2023 to 2028, the manufacturing value is forecasted to continue this decline, with an anticipated five-year CAGR of -2.81% resulting in a projected value of 6.12 in 2028. This indicates a prolonged period of deterioration in the chemicals manufacturing sector in Mexico.
Future trends to watch include technological advancements, shifts in global demand, regulatory changes, and sustainability initiatives that could impact the sector. These variables may provide opportunities for stabilization or growth despite the current declining trajectory.
