The production of non-ferrous metals in Mexico has shown a generally upward trend from 2013 to 2023, with significant fluctuations only in a few years. In 2023, production reached 426.27 billion Mexican Pesos. Over the last two years, the growth rate has been relatively modest with year-on-year variations of 2.68% in 2022 and 2.56% in 2023. The last five-year CAGR is 2.86%, indicating a steady growth momentum. Forecasts suggest continued growth, projecting production to rise to 481.85 billion Mexican Pesos by 2028, driven by a forecasted five-year CAGR of 1.93% and a total growth rate of 10.02%.
Looking ahead, key trends to watch for include advancements in processing technologies, shifts in global demand patterns, and potential regulatory changes impacting the non-ferrous metals sector. Furthermore, increasing investments in green technologies and sustainable practices could significantly shape the future production landscape.
