In 2023, the production of nuts in Mexico stood at 306.0 thousand metric tons. Over the past decade, production has generally trended upward with some fluctuations. Notable year-on-year variations include a peak increase of 7.57% in 2016 and a decline of 3.7% in 2020. Recently, between 2022 and 2023, production grew modestly by 0.99%. The compound annual growth rate (CAGR) over the last five years is 0.8%, indicating steady but moderate growth.
Looking ahead, forecasts suggest a continued gradual increase in production, with a projected CAGR of 0.87% through 2028. By that year, production is expected to reach 323.4 thousand metric tons, reflecting a forecasted 5-year growth rate of 4.42%.
Future trends to watch for include potential impacts from climate change on nut crops, shifts in global demand, and advancements in agricultural technologies that could further optimize production capabilities in Mexico.
