The Food, Beverages, and Tobacco Value Added in Mexico had a fluctuating trend from 2013 to 2023, with notable declines in 2013 (-4.71%) and 2015 (-6.42%), while experiencing significant growth in 2019 (5.56%) and 2020 (6.81%). The CAGR over this period offers mixed insights, with overall declines between 2013 and 2017 and gradual improvements post-2019. The value stood at 21.73 units in 2023, reflecting only minimal year-on-year growth (0.032%) but a positive five-year CAGR of 1.14% over the recent years.
Future trends to watch for:
- Modest growth is anticipated with a forecasted five-year CAGR of 0.02% through 2028.
- Industry stability is expected, with values hovering around 21.75 units from 2026 onwards.
- Pay close attention to external factors like policy changes, economic shifts, and post-pandemic recoveries that could impact this slight upward trend.
- Monitoring consumer behavior and technological advancements in manufacturing could provide additional insights into the sector's future performance.
