Sulfur production at natural gas, petroleum, and oil sands refineries in Mexico has seen a consistent decline from 2013 to 2023. The data indicates that from a value of 620.0 thousand metric tons in 2013, production fell to 368.79 thousand metric tons by 2023. This downward trend is reflected in both year-on-year percentage changes and a negative compound annual growth rate (CAGR). The most significant annual drop occurred in 2020 with a precipitous decline of 21.4%. The average year-on-year decline over the last five years was approximately 5.5%.

Looking ahead, the forecast suggests further reductions in sulfur production, with an anticipated value of 247.75 thousand metric tons by 2028. This represents a forecasted five-year CAGR of -6.32%, translating to an overall decrease of 27.84% over the forthcoming period.

Future trends to watch for:

Technological advancements that could increase the efficiency of sulfur capture and storage.
Environmental regulations and policies that may either hinder or promote sulfur production adjustments.
Economic factors affecting the natural gas, petroleum, and oil sands markets, impacting sulfur output.