The import of artificial staple fibers to Mexico peaked in 2015 at 11.535 million USD and has been on a steady decline since then. In 2023, the value stood at 5.4606 million USD. The year-on-year variations show significant fluctuations, particularly a sharp decline of 44.43% in 2016, and another considerable drop of 21.49% in 2020. Over the last five years, the compound annual growth rate (CAGR) has been consistently negative, with a -6% decrease recently. The forecasted data from 2024 onwards indicates a continued declining trend, with an anticipated 28.66% decrease over the next five years, resulting in a forecasted 5-year CAGR of -6.53%.
Trends to watch for in the future include potential shifts in global supply chains, advancements in fiber technology, and changes in trade policies, which could impact both the demand and pricing of artificial staple fibers in Mexico.
