The import of ammonia to Mexico stood at 222.1 million US Dollars in 2023. The forecasted data from 2024 to 2028 shows a consistent year-on-year increase in import values. Specifically, the value is expected to rise from 232.9 million US Dollars in 2024 to 270.67 million US Dollars by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.9% over the five-year period.
YoY variations:
- 2024: 4.9%
- 2025: 4.2%
- 2026: 3.9%
- 2027: 3.7%
- 2028: 3.5%
Future trends to watch for include changes in trade policies, the development of domestic production capabilities, and fluctuations in global ammonia prices, which could impact the forecasted growth trajectory.
