In 2023, the import of alkyd resins to Mexico stood at 12.000 million USD. For 2024, the import value is forecasted to be 12.043 million USD, representing a modest growth. The year-on-year variation for 2025 shows a slight increase to 12.123 million USD, demonstrating a 0.66% growth. In 2026, the value is projected to further rise to 12.202 million USD, marking a 0.65% increase from the previous year. By 2027, the forecast indicates the value will be 12.279 million USD, a 0.63% rise compared to 2026. Finally, in 2028, the import value is predicted to reach 12.354 million USD, which is a 0.61% growth.
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 0.57%, indicating a stable and slight upward trend in the import of alkyd resins to Mexico.
Future trends to watch for include:
- Potential fluctuations in crude oil prices, which influence the production cost of alkyd resins.
- Regulatory changes in environmental policies impacting resin importation.
- Technological advancements in resin manufacturing affecting supply and demand dynamics.
- Shifts in Mexico's industrial demand for alkyd resins, particularly in the automotive and construction sectors.
