The volume of palm oil imports in Mexico for the years 2024 through 2028 shows a steady increase from 495.75 thousand metric tons in 2024 to 505.73 thousand metric tons in 2028. This indicates a consistent year-on-year growth in import volumes. Comparing the data from 2024 to 2025, the increase is about 0.52%, continuing this trend forward. The compound annual growth rate (CAGR) over these five years is approximately 0.51% per year.
As of 2023, the import volume stood at a slightly lower level than the 2024 forecast. This series reveals potential growth and a maintained demand for palm oil.
Future trends to watch for include fluctuations in global palm oil prices, shifts in domestic policies related to import duties and sustainable sourcing mandates, and changes in consumer preferences towards alternative oils due to health and environmental concerns.
