The forecast for primary oilseeds production in Mexico shows a steady increase from 2024 to 2028. In 2023, the production stood at X thousand metric tons. The forecasted values indicate a rise from 721.31 thousand metric tons in 2024 to 782.45 thousand metric tons by 2028. The year-on-year growth rates are:
- 2025: 2.18%
- 2026: 2.10%
- 2027: 2.01%
- 2028: 1.94%
Over the last two years, the increase maintains an average Year-on-Year growth rate of around 2.06%. The compound annual growth rate (CAGR) over the last five years is approximately 2.06%, indicating consistent growth in the sector.
Future trends to watch for include the impact of climate change on agricultural yields, innovations in agricultural technology, and shifts in domestic and international demand. These factors could influence future production rates and require close monitoring to ensure sustainable growth in Mexico's primary oilseeds production.