The export volume of alcoholic beverages in Mexico has shown a consistent upward trend from 2014 to 2023, growing from 2.96 million metric tons to 4.46 million metric tons. Despite some fluctuations, such as the significant dip in 2020, the overall compound annual growth rate (CAGR) over these years has been steadily positive. In 2023, the export volume stood at 4.46 million metric tons, registering a modest year-on-year increase of 2.04%. The five-year CAGR from 2019 to 2023 was 1.22%, pointing towards a steady, albeit slow, growth trajectory.
Forecasts for 2024 to 2028 predict a continued rise in export volume, reaching 4.92 million metric tons by 2028 with a forecasted five-year CAGR of 1.56%. This indicates a projected overall growth rate of 8.02% across the upcoming five-year period.
Future trends to watch for:
- Global economic conditions and their impact on demand for alcoholic beverages.
- Changes in trade policies or tariffs that could affect export dynamics.
- Shifts in consumer preferences towards premium or speciality alcoholic beverages.
- Potential disruptions from environmental factors or health-related regulations.