The import volume of fluoro-polymers to Mexico stood at 4.2646 million kilograms in 2023. Analyzing the year-on-year variation, the import volume experienced fluctuations with notable declines in 2017 and 2020, while witnessing growth in other years. Between 2022 and 2023, the import volume increased by 2.1%. The average year-on-year variation over the last five years is a modest increase, with a Compound Annual Growth Rate (CAGR) of 3.3%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady moderate growth with an average annual increase, reflected in a forecasted CAGR of 1.62%. The import volume is expected to rise from 4.3465 million kilograms in 2024 to 4.7112 million kilograms by 2028, marking an overall growth of 8.39% over this period.
Future trends to watch for include potential impacts of technological advancements in the polymer industry, international trade policies, and the demand from key industrial sectors in Mexico. Additionally, economic factors such as currency fluctuations and global supply chain dynamics could influence import volumes.
