In 2023, the Gross Value Added (GVA) for the Coke and Refined Petroleum Products Manufacturing sector in Mexico stood at 173.00 billion Mexican Pesos. For the forecasted period from 2024 to 2028, the GVA shows a steady upward trend:
- For 2024, the GVA is expected to be 181.25 billion Mexican Pesos, a year-on-year increase of 4.76%.
- In 2025, the GVA is projected at 189.55 billion Mexican Pesos, growing 4.58% from the previous year.
- The 2026 GVA is expected to reach 197.78 billion Mexican Pesos, showing a 4.33% increase year-on-year.
- For 2027, the GVA is projected at 205.92 billion Mexican Pesos, reflecting a 4.11% rise from 2026.
- By 2028, the GVA is forecasted to be 213.98 billion Mexican Pesos, a 3.91% increase from the year before.
On average, over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 4.34%, indicating consistent growth in the sector.
Future trends to watch for include the impact of global oil prices, regulatory changes, and technological advancements in refining processes, all of which could significantly influence the GVA trajectory moving forward.
