The export of chemicals and chemical products from Mexico to Turkey in 2023 stood at 11.1328 million USD. In 2024, the forecasted export value is 9.5254 million USD, representing a year-on-year decline of approximately 14.4%. The downward trend continues with a forecasted value of 7.9187 million USD for 2025, a 16.8% decrease from 2024, followed by a further decline to 6.3441 million USD in 2026, marking a reduction of around 19.9% from 2025. The decline accelerates through 2027 to 4.8009 million USD (a 24.3% drop) and further in 2028 to 3.2887 million USD, reflecting a 31.5% decrease from 2027. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) averages a negative 23.2%, indicating a significant drop each year.
Future trends to watch for include potential shifts in global trade policies, changes in demand from Turkey's industrial sectors, fluctuations in global chemical product prices, and emerging opportunities or challenges in sustainable chemical production.
