Key Market Indicators
Mexican sugarcane consumption is predicted to remain at around 52 thousand metric tons through 2026. This is the same amount as in 2021, and is a stable average rate since 2017. Mexico ranked 21st in the world for sugarcane consumption in 2021, with Nigeria coming in first place at 52 thousand metric tons. Brazil, Thailand, and Egypt were the second, third, and fourth-highest consumers respectively. Production of sugarcane in Mexico is expected to reach 62.7 million metric tons by 2026, up from 59.9 million metric tons in 2021. This is a year-on-year compound annual growth rate (CAGR) of 0.8%. Since 1966, production has increased by 1.2% annually. In 2021, Mexico was the sixth-highest producer, with Pakistan coming in first at 59.9 million metric tons. India, Thailand, and China followed in second, third, and fourth place respectively.