Thailand's exports of chemicals and chemical products to Mexico have exhibited a steady growth trend with fluctuations over the past decade. The value stood at 68.587 million USD in 2023. A significant spike occurred in 2018 with a 46.27% year-on-year increase, followed by varied annual changes. The last five years show a moderate CAGR of 2.67%, forecasting continuous but tempered growth through 2028.
Key trends in the recent past include:
- 2018 showing the highest growth spike at 46.27%
- Significant declines in 2019 and 2020 at -4.27% and -13.37%, respectively
- Recovery in 2021 with a 19.16% increase
- 2022 saw a 9.33% annual rise
- 2023 reflected a smaller but positive 3.65% growth
Future trends to watch for include: potential market disruptions affecting supply chains, Mexico's industrial demand for chemicals, international trade policies, and economic conditions both globally and locally that may influence these forecasted growth trajectories.
