The export of synthetic rubber from Mexico has seen a declining trend over the past decade. The value stood at $307.98 million in 2013 and steadily decreased to $138.56 million in 2023. Over the last two years, the year-on-year variation showed a decrease of 4.95% in 2023, following a slight increase of 0.20% in 2022. The five-year CAGR from 2023 is -5.66%. Looking ahead, forecasted values for the next five years project a continuous decline, with a forecasted CAGR of -5.05% and an overall decrease of 22.84% by 2028.
Future trends to watch include potential impacts from global economic fluctuations, advancements in synthetic rubber technology, and any changes in trade policies that could influence Mexico’s export capabilities. Additionally, monitoring the demand shifts in key international markets will be crucial for anticipating future export performance.
