The import of Ethylene Glycol (Ethanediol) to Mexico showed notable fluctuations since 2013, with significant jumps in 2017 and 2021. In 2023, imports stood at 277.83 million USD. Over the last two years, the year-on-year growth rates were 3.24% in 2022 and 3.07% in 2023. The compound annual growth rate (CAGR) for the past five years showed an average annual growth of 2.87%.
Looking forward, imports are forecasted to continue this upward trend with an estimated 5-year CAGR of 2.28%, leading to a projected import value of 321.08 million USD by 2028. This forecast reflects an anticipated growth rate of 11.9% over the next five years.
Future trends to watch for include:
- Global economic conditions that could influence trade volumes.
- Potential changes in Mexico’s industrial demand for Ethylene Glycol.
- Shifts in global production capacities and technological advancements in synthetic fibers and antifreeze industries.
