Wheat production in Mexico has experienced notable fluctuations over the past decade. From a peak of 3.86 million metric tons in 2016, production sharply declined by 16.01% in 2018. Further declines were evident in recent years, with production in 2023 standing at 2.87 million metric tons, a 1.78% decrease from 2022. The average annual decrease (CAGR) for the past five years was -0.51%.
Forecast data suggest a continued downturn in wheat production, with a projected average annual decrease (5-year CAGR) of -1.57%, leading to an estimated production value of 2.6 million metric tons by 2028, marking a cumulative drop of 7.6% from 2023.
Future trends to monitor include:
- Impact of climate change on agriculture.
- Technological advancements in farming practices.
- Government policies affecting agricultural production.
- Global market demand and price fluctuations.
