The import value of Halogenated Derivatives of Hydrocarbons to Mexico has experienced significant fluctuations over the past years. In 2023, the import value stood at 141.87 million US dollars. Year-on-year variations have shown a negative trend with a notable decline: -9.10% from 2022 to 2023 and -3.68% from 2021 to 2022. The compound annual growth rate (CAGR) over the past 5 years stood at a concerning -8.47%, indicating a persistent decline in imports.
Analyzing the forecasted data, the downward trend is expected to continue, with a forecasted CAGR of -11.76% over the next five years, culminating in a value of 67.218 million US dollars by 2028. This suggests a significant reduction of -46.52% over this period.
Future trends to watch for include potential global market shifts affecting supply chains, changes in trade policies between Mexico and key exporting countries, and technological advancements leading to less dependency on imports of halogenated derivatives. Monitoring the influence of environmental regulations and alternative chemical developments is also critical for assessing future import trends.
