The production of palm kernel oil in Mexico has demonstrated steady growth from 2013 to 2023, with the volume reaching 19.14 thousand metric tons in 2023. Year-over-year growth varied, with notable increases in the early years: 2014 saw a 25.77% rise, while the most recent years experienced more moderate growth, around 3.45% in 2023. The compound annual growth rate (CAGR) over the last five years settled at 3.65%, indicating consistent, albeit slower, increases compared to earlier years.
Looking ahead from 2024 to 2028, the forecasted CAGR is a more modest 2.52%, translating to a total growth of 13.28% over these five years. Analysts should observe:
- Potential shifts in agricultural practices and environmental policies.
- Changes in international demand and export opportunities.
- Investments in sustainable production methods.
