The Rubber and Plastics Products Manufacturing Output in Mexico has shown significant growth over the past decade. From 2013 to 2023, the value increased from 339.41 billion to 782.69 billion Mexican Pesos, with a notable year-on-year variation and a CAGR of 7.3% for 2023. In particular, 2021 saw a substantial rebound with a 22.2% increase after the 7.85% decline in 2020, indicating recovery post-COVID-19. The forecasted data suggests a continued growth trajectory, with the value expected to reach 991.97 billion by 2028.
Future trends to watch for include sustained growth in manufacturing output driven by technological advancements, increased demand for sustainability in materials, and further integration into global supply chains. Companies should also monitor potential market disruptions from economic, political, and environmental factors.
