The value-added of chemical and pharmaceutical products in Mexico fluctuated between 2013 and 2023. After a decline in 2014, the sector experienced a moderate rebound, with some years showing stronger growth and others slight declines. Specifically, from 2013 to 2014, there was a notable drop of 10.55%, followed by a significant recovery in 2015 with a 9.72% increase. The sector saw a steady climb from 2016 until 2023, reaching 310.61 billion Mexican Pesos in 2023, but with modest annual increases, particularly in recent years (1.81% in 2023).
Future trends to watch for include continued moderate growth at an annual average rate of 1.27% over the next five years. Key factors that might impact this growth could be global market demand, technological advancements in the chemical and pharmaceutical industries, and economic policies within Mexico.
