The grape market in Mexico experienced fluctuations from 2014 to 2023, starting with a volume of 237.0 thousand metric tons and peaking at 333.0 thousand metric tons in 2023. In 2023, volume showed a year-on-year increase of 1.83%. Remarkably, between 2018 and 2019, the market displayed a significant year-on-year growth of 40.25% and a subsequent decline of 7.25%. The Compound Annual Growth Rate (CAGR) for the last five years leading to 2023 stood at a modest 0.12%, suggesting subtle, steady growth. Forecasts anticipate the market to achieve a 5-year CAGR of 1.48%, reaching 366.0 thousand metric tons by 2028.
Looking ahead, future trends to monitor include potential impacts of climate change on crop yields, shifts in consumer preferences towards organic and locally-sourced produce, and the influence of trade policies on export dynamics. Expanding infrastructure and advancements in agricultural technologies could also play pivotal roles in shaping the market's trajectory.
