Analysis of Natural Rubber Production Trend in Mexico (expressed in Thousand Metric Tons): From 2013 to 2023, natural rubber production in Mexico increased from 51.4 to 91.06 thousand metric tons. Significant fluctuations were observed in the early years, with a notable increase of 43.43% in 2014 followed by a decline of -11.95% in 2015. Despite minor setbacks, the trend depicted steady growth, particularly from 2018 through 2023, where year-on-year variations remained positive. The Compound Annual Growth Rate (CAGR) steadily decreased from 18.32% in 2014 to 3.7% by 2023. The projected CAGR for the next five years is 2.4%, anticipating continued, albeit slower growth to reach 106.1 thousand metric tons by 2028.
Future trends to watch for:
- Adoption of advanced agricultural practices to improve yield.
- Impact of climate change and weather patterns on rubber tree cultivation.
- Market responses to global supply chain disruptions impacting production and export volumes.
- Evolvement of synthetic rubber alternatives affecting natural rubber demand.
- Government policies and subsidies promoting rubber cultivation and exportation.
