The production of paper and paper products in Mexico has seen a consistent upward trend from 2013 to 2023, save for a significant dip in 2020 due to the pandemic effects. The year-on-year growth rate dipped sharply in 2020 (-13.89%) but rebounded strongly in 2021 with a 24.74% increase. The CAGR from 2018 to 2023 averaged 3.16%. In 2023, the production value stood at 300.05 billion Mexican Pesos.
The forecast for the years 2024 to 2028 indicates a continued increase in production, albeit at a slower pace with a forecasted 5-year CAGR of 2.34%, resulting in a 12.28% overall growth over this period.
Future trends to watch for:
- Technological advancements and automation in production processes.
- Increasing demand for sustainable and recycled paper products.
- Potential market fluctuations due to economic uncertainties.
- Impact of regulations and policies on environmentally friendly practices.
