In 2023, Mexico's sorghum supply stood at 5.29 million metric tons. Forecasted values indicate a consistent upward trend through 2028, starting with 5.42 million metric tons in 2024 and reaching 5.99 million metric tons by 2028.
Year-on-year percentage variations highlight a steady growth:
- 2024: +2.5%
- 2025: +2.6%
- 2026: +2.7%
- 2027: +2.5%
- 2028: +2.4%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 shows an average annual increase of 2.5% in Mexico's sorghum supply.
Future trends to watch for include shifts in domestic and international demand, climate variability impacting agricultural yield, and potential changes in government policies affecting the agricultural sector. Monitoring these factors will be crucial for stakeholders within the sorghum supply chain in Mexico.
