In 2024, the production volume of coke and refined petroleum products in Mexico is forecasted to be 224.22 billion Mexican Pesos. The previous years' actual data for 2023 stood at the same value. The forecast data shows a significant yearly decline: 192.93 billion in 2025 (-14.0%), 162.28 billion in 2026 (-15.9%), 132.24 billion in 2027 (-18.5%), and finally 102.79 billion in 2028 (-22.3%). Averaging these annual changes, the compound annual growth rate (CAGR) over this period is approximately -18.6%.
Future trends to watch for:
- Ongoing regulatory changes impacting production operations.
- Shifts in global oil prices and their influence on Mexico's production costs.
- Technological advancements and potential shifts towards cleaner energy sources.
- Economic stability and its effects on both domestic and global demand.
