The import of corrugated paper and paperboard to Mexico has shown a consistent upward trend over the past decade, increasing from $240.13 million in 2013 to $455.43 million in 2023. The most notable variations are observed in 2016 and 2021, with year-on-year increases of 14.69% and 25.42% respectively. However, 2020 saw a significant drop of 13.37%, likely impacted by the global COVID-19 pandemic. By 2023, imports stood at $455.43 million, reflecting a year-on-year growth of 3.64%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.72%.
Going forward, the forecasted data shows a continued growth trajectory, reaching $539.06 million by 2028. The forecasted CAGR for the next five years is 2.65%, suggesting a steady but slower growth rate compared to the previous decade. The cumulative forecasted growth rate over these five years is estimated at 13.96%.
Future trends to watch for include the impact of environmental regulations on packaging materials and potential supply chain disruptions. Additionally, technological advancements in the manufacturing of paperboard and shifts in consumer preferences towards sustainable packaging options could also influence future import volumes.
