The import of Propylene Copolymers to Mexico has shown significant volatility over the past decade. Starting from a high of 1.0904 Billion Kilograms in 2013, the value plummeted to 0.33198 Billion Kilograms in 2014 and saw minor variations until 2020. By 2023, the import volume stood at 0.45664 Billion Kilograms. Over the last few years, the year-on-year variation indicates modest growth or decline, with a notable increase in 2021 (15.65%) and a subsequent gradual increase leading to 2023 (0.98%). The 5-year CAGR from 2019 to 2023 is minimal at around 1.04%.
Going forward, the forecasted data from 2024 to 2028 shows a slightly rising trend in import volumes, with a projected volume of 0.47842 Billion Kilograms by 2028. The forecasted 5-year CAGR from 2024 to 2028 is estimated at 0.79%, indicating a moderate growth rate of about 4.02%.
Future trends to watch for:
- Potential impacts of global trade policies and tariffs.
- Advancements in propylene copolymer manufacturing technologies locally in Mexico.
- Shifts in demand due to changes in downstream industries such as automotive and packaging.
- Environmental regulations impacting the production and importation of plastics.
