In 2023, the demand for rapeseed oil and mustard oil in Mexico stood at 672 thousand metric tons. Forecasts for the upcoming years show a steady and moderate increase in demand, reaching 679.65 thousand metric tons by 2028. The year-on-year variation over the last two years averaged around 0.23%, with the compound annual growth rate (CAGR) from 2024 to 2028 being roughly 0.23% as well.
Future trends to watch for include:
- Changes in dietary preferences and health trends influencing oil consumption patterns.
- Potential impacts of economic factors and trade regulations on oil imports and domestic production.
- Sustainability and environmental concerns driving demand for alternative vegetable oils.
