The wheat feed volume in Mexico has shown considerable variation over the past decade, reflecting an overall rising trend with fluctuations. In 2023, the volume was 91,000 metric tons, with a year-on-year increase of 2.25%. The compound annual growth rate (CAGR) over the last five years stood at 4.22%, signifying steady growth despite some yearly inconsistencies.
Key historical year-on-year variations included noteworthy spikes, such as a 65.22% rise in 2017, and declines, like the 35.09% drop in 2018. From 2019, more stable growth patterns emerged, with consistent yearly increases ranging from 1.14% to 2.33% each year until 2023.
Forecasts from 2024 to 2028 predict a moderate growth in wheat feed volume, with an average annual increase of 1.27%, anticipating a total forecast growth rate of 6.52% over this period.
Future trends to watch for include potential influences from climate change on wheat production, fluctuations in global commodity prices, and changing feed demand patterns within the agricultural sector in Mexico.
