Import of softwood plywood to Mexico has shown significant fluctuations over the years. In 2013, the import value was $134.23 million, showing a -10.42% year-on-year decline and a -3.38% CAGR. By 2014, it increased 21.86% year-on-year, reaching $163.58 million, with a CAGR of 8.35%. In 2016, a severe drop of -53.63% year-on-year to $84.132 million was observed, resulting in a -10.19% CAGR. From there, the market showed a recovery, with an 88.97% increase in 2017 to $158.99 million and continued growth until 2022 when imports reached $216.47 million, an 8.37% year-on-year increase with a 6.37% CAGR. For 2023, the import value stood at $222.56 million, showing a 2.81% year-on-year increase and a 1.2% CAGR.
The forecast for future trends indicates steady growth with a forecasted CAGR of 2.12% over the next five years, resulting in an estimated import value of $253.75 million by 2028, achieving a total forecasted 5-year growth rate of 11.05%.
Future trends to watch for include:
- Potential changes in trade policies affecting import dynamics.
- Fluctuations in global softwood plywood prices.
- Impact of environmental regulations and sustainability trends.
- Economic conditions in key export countries to Mexico.
