The share of biomass in total domestic material consumption in Mexico is forecasted to decline from 2024 onward. Starting at 33.48% in 2024, it is expected to decrease to 32.42% by 2028. This represents a gradual year-on-year reduction, with the share decreasing by roughly 0.80% annually.
By analyzing actual data from prior years, it is essential to note the share in 2023 stood at 33.75%. Therefore, the year-on-year variation from 2023 to 2024 is a decrease of approximately 0.8%. This downward trend continues steadily, reflecting a cumulative annual growth rate (CAGR) of around -0.8% from 2024 to 2028.
Future trends to watch for include potential policy changes that could either bolster or further reduce the share of biomass in Mexico’s domestic material consumption. Monitoring technological advancements and shifts in energy sources will also be crucial, as these factors can significantly impact biomass utilization.