In 2023, the volume of refined sugar exported from Mexico to the US stood at 0.29262 million metric tons. Over the past two years, there was positive year-on-year growth of 3.2% in 2022 and 3.06% in 2023. Analyzing the last five years, the compound annual growth rate (CAGR) was approximately 0.97%, showing a slow but steady recovery following years of decline. Notably, the volume in 2013 was at its peak, with subsequent years experiencing significant declines, particularly between 2013 and 2019. From 2020 onwards, there appear to be signs of stabilization and minor growth.
Looking ahead, the forecasted data from 2024 to 2028 suggests a modest but consistent upward trend with a forecasted 5-year CAGR of 2.11%, translating into an overall growth rate of 11.02%. As the forecast indicates a continued recovery in refined sugar exports, a few future trends to watch for include potential shifts in trade policies, sugar production levels, and demand fluctuations within the US market.
