In 2023, the domestic food consumption of palm oil in Mexico stood at 351.0 thousand metric tons. From 2024 onwards, the forecasted data projects a steady year-on-year increase in consumption. The values are anticipated to reach 372.0 thousand metric tons in 2024, 392.0 thousand metric tons in 2025, 411.0 thousand metric tons in 2026, 430.0 thousand metric tons in 2027, and 449.0 thousand metric tons in 2028.
The year-on-year percentage variations for 2024 and 2025 are 6.0% and 5.4% respectively. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is an impressive 4.82%.
Future trends to watch for include potential policy changes regarding environmental concerns, shifts in dietary preferences among consumers towards healthier oils, and the impact of fluctuating global palm oil prices on domestic consumption patterns in Mexico.
