Mexico's pork production has shown a steady growth pattern from 2014 to 2023, rising from 1.29 million metric tons to 1.56 million metric tons. The year-on-year variations demonstrate periods of volatility, especially between 2018 and 2020, where production fluctuated significantly. Notably, the years 2016 and 2017 experienced the highest growth rates of 4.01% and 4.8%, respectively. However, 2019 and 2020 saw slight production declines. Over the last five years, the compound annual growth rate (CAGR) stands at 0.8%.
Looking ahead, the forecast from 2024 to 2028 predicts a moderate growth trajectory, reaching 1.65 million metric tons by 2028, with a 5-year CAGR of 0.81% and an overall growth rate of 4.13%. This suggests a stabilization in the annual growth, continuing the upward trend albeit at a slower pace.
Future trends to watch for include potential impacts of feed costs, global trade policies, and domestic consumption patterns on pork production. Additionally, advancements in farming technologies and possible shifts in consumer preferences towards alternative proteins could also influence the market dynamics.
