The import of Polymers of Ethylene to Mexico has shown substantial variability over the past decade, with an overall upward trend. The value stood at USD 569.85 million in 2023. From 2013 to 2023, significant year-on-year variations occurred, with peaks and declines. Notably, the declines in 2015 and 2020 were followed by robust growth periods, highlighted by an 18.79% increase in 2021 and a 9.03% increase in 2022. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) averaged at 3.4%.
Future trends to watch for:
- Growth projections indicate a steady but slower increase, with the expected CAGR for the next five years (2024-2028) at 2.5%.
- The import value is forecasted to exceed USD 665 million by 2028, signaling a trend of cautious but persistent growth.
- Market dynamics including global supply chain disruptions, economic policies, and advancements in polymer technology will influence these forecasts.
