The import of propene (propylene) to Mexico in 2023 stood at 424.5 million USD. The forecasted data shows a consistent year-on-year increase in the imports of propene from 2024 to 2028. Specifically, the increments are as follows: from 2024 to 2025 there is a 4.64% increase, from 2025 to 2026 a 4.34% increase, from 2026 to 2027 a 4.07% increase, and from 2027 to 2028 a 3.84% increase. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected to be approximately 4.19%.
Future trends to watch for:
- Potential shifts in global propene demand and supply dynamics.
- Changes in Mexico’s domestic production capabilities.
- Evolving trade policies and tariffs that might impact import costs.
- Advancements in alternative materials or technologies that could influence propene consumption.