The forecasted production of coke and refined petroleum products in Mexico is set to show a steady increase from 2024 to 2028. Beginning at 1.0812 trillion Mexican Pesos in 2024, the values gradually rise through the years, reaching 1.1829 trillion Mexican Pesos by 2028. Compared to the actual production value in 2023 of approximately 1.057 trillion Mexican Pesos, the year-on-year variations highlight a positive growth trend.
Key Year-on-Year Variations:- 2024: +2.28%- 2025: +2.42%- 2026: +2.32%- 2027: +2.22%- 2028: +2.13%
Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is calculated at around 2.27%. This indicates a consistent upward trajectory in the sector.
Future Trends to Watch:- Advancements in refining technology and increased investment in energy infrastructure could further bolster production efficiency.- Trade dynamics and regulatory changes in the energy sector will play a crucial role in shaping future production volumes and values.- Sustainability initiatives and shifts towards greener alternatives may influence both market demand and production strategies in the coming years.
