The import of mats of glass fibres to Mexico stood at 11.25 million kilograms in 2023. The forecast data from 2024 to 2028 shows a gradual increase in the import volume, with values rising from 11.41 million kilograms in 2024 to 12.115 million kilograms in 2028. Here is a year-on-year analysis in percentage terms based on the provided data:
• Year-on-Year Variations:
- 2024: 1.33%
- 2025: 1.60%
- 2026: 1.54%
- 2027: 1.48%
- 2028: 1.44%
The last compound annual growth rate (CAGR) indicating an average yearly variation over the five years is approximately 1.48%.
Future trends to watch for include technological advancements in the glass fibre manufacturing process, fluctuations in global trade policies, shifts towards sustainable and eco-friendly materials, and the potential impact of economic factors such as inflation and currency exchange rates on import volumes. These elements could influence the demand and supply dynamics significantly in the upcoming years.
