Between 2013 and 2023, veal and beef production in Mexico demonstrated a steady upward trend, increasing from 1.81 million metric tons to 2.15 million metric tons. The most notable increments occurred between 2016 and 2018, with a peak year-on-year growth of 2.8% in 2018. Over the last two years, the increase settled at around 1.6%. The Compound Annual Growth Rate (CAGR) for the past five years averaged at 1.65%, indicating continued growth but at a decelerated rate compared to earlier years.
Future trends to watch for:
- Economic Factors: Monitor the impact of global economic conditions on beef demand and production costs.
- Trade Policies: Potential shifts in trade agreements impacting import/export dynamics.
- Technological Advances: Adoption of innovative agricultural practices to enhance productivity and sustainability.
- Consumer Preferences: Rising demand for organic and grass-fed beef could influence production methods.
From 2024 to 2028, forecasts suggest the production will grow at a slower pace with a five-year CAGR of 1.17%, leading to an overall growth rate of 5.98% by 2028.
