The import of acyclic alcohols and their derivatives to Mexico showed fluctuations over the past decade. From 2013 to 2023, the series experienced varying year-on-year growth rates with several dips and recoveries. Notably, from 2017 onwards, despite the impressive growth in some years, overall variations became minimal, with the imports stabilizing around the $600 million mark by 2023.
In 2023, the value stood at $627.61 million. The past two years (2022 and 2023) showed stabilizing growth, with year-on-year variations of 1.73% and 1.66%, respectively. Over the last five years, the CAGR stood at 1.02%, indicating a relatively steady but modest growth.
Future trends indicate a continued steady growth with an expected CAGR of 1.29% for the next five years, forecasting a 6.64% cumulative growth by 2028. This indicates a stable demand for acyclic alcohols and their derivatives in Mexico.
Going forward, it is crucial to watch for global supply chain dynamics, shifts in industrial demand within Mexico, and any potential regulatory changes impacting import volumes. Additionally, advancements in alternative sustainable chemicals could also influence market trends.
