Analysis of data reveals a fluctuating trend in the production volumes of non-ferrous metals in Mexico, with a noticeable decline from 2020 onwards. The year-on-year variations show significant negative growth in 2020 (-17.96%), which partially recovered in 2021 (+19.11%), followed by a steady decrease up to 2023. The Compound Annual Growth Rate (CAGR) reflects a general downward trend over the last five years, culminating in a forecasted 5-year CAGR of -0.97% and a total forecasted 5-year growth rate decline of -4.74% by 2028.
Looking forward, the industry faces challenges such as fluctuating global metal prices and demand, technological advancements, and environmental regulations. These factors will be crucial in shaping the future production volumes of non-ferrous metals in Mexico.
