The import of plastics waste or scrap to Mexico has seen fluctuations over the past decade, standing at a value of 21.107 million USD in 2023. The period between 2013 and 2020 experienced both significant rises and sharp declines, demonstrating a lack of consistent growth. Notably, there were substantial drops in 2016 and 2018 (-11.57% and -10.64%, respectively), with the most significant drop in 2020 at -15.93%. However, from 2021 onwards, a more stable increase is observed, with a modest CAGR of 2.09% reported up to 2023.
Looking forward, the forecasted data suggests a steady growth trend with an annual compound growth rate of 0.94% over the next five years, reaching an estimated value of 22.321 million USD by 2028. The year-on-year variations from 2024 to 2028 exhibit a growth trajectory with incremental increases averaging around 1.94% per annum.
Future trends to watch for include the potential impact of strengthened environmental regulations on plastic waste imports, advancements in recycling technologies, and shifts in global plastic waste policies which might influence import volumes. Additionally, market dynamics within Mexico's manufacturing sector could also play a significant role in shaping the demand for imported plastics waste or scrap.
