The import of waste or scrap of precious metal to Mexico has demonstrated a fluctuating trend from 2013 to 2023, significantly declining from 80.389 million USD in 2013 to 30.147 million USD in 2023. The year-on-year variations have shown both sharp decreases and occasional increases, with notable declines in years like 2015 (-34.73%) and 2020 (-18.56%), yet some recovery in 2018 (7.63%) and 2021 (24.13%). The compound annual growth rate (CAGR) over the past five years leading up to 2023 is -1.88%, indicating an average annual decrease in imports.
Looking towards the future, the forecasted data from 2024 to 2028 suggest a continued gradual decline, with a forecasted 5-year CAGR of -1.67% and an overall decrease of 8.08% by 2028. Key future trends to watch include fluctuations in the global precious metal market, environmental regulations, and recycling technology advancements that can impact the volume and value of scrap imports to Mexico.
