Over the period from 2013 to 2023, the natural graphite market in Mexico has seen a general declining trend, with a peak value in 2013 at $24.967 million USD and decreasing to $12.574 million USD by 2023. The year-over-year variation in 2022 was -4.58%, and in 2023, it was -4.71%. Despite some fluctuations, such as the brief increase in 2021, the Compound Annual Growth Rate (CAGR) from 2018 to 2023 was -4.16%.
Looking forward, the forecast data for 2024 and beyond indicate a continuing decline in the market size, with a projected CAGR of -4.74% over the next five years, resulting in a total decrease of 21.55% by 2028. Key trends to watch include the potential impact of technological advancements, changes in consumer demand, and regulatory factors that could influence market dynamics.
