The sunflower seed processing in Mexico stood at 30.0 Thousand Metric Tons in 2023. Based on the forecasted data from 2024 to 2028, the industry is expected to grow from 32.0 Thousand Metric Tons in 2024 to 34.0 Thousand Metric Tons by 2028. The year-on-year growth rate from 2023 to 2024 is approximately 6.7%. The forecasted growth from 2024 to 2025 shows a 3.1% increase, while subsequent years show a stable production volume until 2028, with a minor increase of 3.0% projected that year.
Here is the year-on-year analysis:
- 2024: 6.7% increase from 2023
- 2025: 3.1% increase from 2024
- 2026: No change from 2025
- 2027: No change from 2026
- 2028: 3.0% increase from 2027
The Compound Annual Growth Rate (CAGR) over the next five years is approximately 2.5%, indicating steady growth in the sunflower seed processing sector.
Future trends to watch for include technological advancements in processing, shifts in domestic and international demand, and potential changes in agricultural policies impacting sunflower seed cultivation. Monitoring these factors will be essential for understanding the long-term trajectory of the industry in Mexico.
