The historical data on Ferroalloys production in Mexico shows a consistent yet modest upward trend with few exceptions. From 2013 to 2019, production value increased annually with slight fluctuations, demonstrating stable growth. A significant decrease occurred in 2020, primarily due to external market shocks. However, the industry rebounded sharply in 2021, followed by steady growth up to 2023, which stood at 265.76 thousand metric tons. The year-on-year growth for 2023 was 1.37%, whilst the average annual growth rate (CAGR) over the last five years was 1.47%.
Forecast data from 2024 onwards suggests continued moderate growth with a five-year CAGR at 1.08%, anticipating a production level of 284.55 thousand metric tons by 2028. Factors like technological advancements, market demand fluctuations, and policy changes will be crucial to monitor.
