Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 3.4% p.a. in a low scenario to 7.4% p.a. in a high scenario. Accordingly, the industry in Mexico is expected to achieve revenues in the region of $1.59bn to $1.91bn by 2024.
In 2019, the Mexican industrial gas market was the third largest market in North America, behind Canada and the US. The country’s industrial gas market generated revenues of approximately $1.58bn in 2019. This is down from $941m in 2009, indicating an average annual growth rate of 6.0% p.a. for the decade.
Between 2009 and 2019 GDP grew by an average of 6.0% p.a. with the rate of GDP growth being relatively high but steady over the course of the last decade. There was a decline during the worst year of the financial crisis and in 2019 the rate stood at -1.3%.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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