Based on the provided data, the forecast for Mexico's exports of chemicals and chemical products to Thailand shows a consistent decline from 2024 to 2028. Specifically, the value in 2023 stood at 12.1 million US dollars, with the forecasted values showing a gradual decrease each year—11.934 million in 2025, 11.804 million in 2026, 11.676 million in 2027, and 11.55 million in 2028. This indicates the following year-on-year variations in percentage:
- From 2024 to 2025: -1.11%
- From 2025 to 2026: -1.09%
- From 2026 to 2027: -1.08%
- From 2027 to 2028: -1.08%
With an overall Compound Annual Growth Rate (CAGR) of -1.09% over the forecasted five-year period, the data highlight a slight but steady decrease in exports each year.
Future trends to watch for include potential shifts in regulatory policies, trade agreements, and economic conditions in both Mexico and Thailand that could impact the demand and supply dynamics for chemicals and chemical products. Additionally, innovations and changes in the chemical industry could present new opportunities or challenges for export growth.
