Between 2013 and 2023, the copper primary smelter production in Mexico has shown a general upward trend, albeit with fluctuations. While the production figures saw a marked dip in 2020 with a 16.1% decline, the recovery was swift with a 21.75% increase in 2021. The 2023 value stood at 296.7 thousand metric tons, reflecting a year-on-year increase of 0.99%. The compound annual growth rate (CAGR) over the last five years up to 2023 is 0.72%, showing moderate growth.
Future trends to watch for include:
- Potential increases in production efficiency and capacity expansions in response to rising global copper demand.
- Impact of technological advancements and environmental regulations on production methods.
- Global economic factors such as trade policies and market demand influencing production levels.