The sugar cane processing industry in Mexico has shown a modest growth trend from 2014 to 2023, with actual values increasing from 51.01 million metric tons in 2014 to 55.77 million metric tons in 2023. Over the last decade, the highest annual growth occurred in 2016 with a 4.7% increase in processed volume, while the subsequent years exhibited more gradual growth rates. Specifically, the year-on-year growth rates for 2022 and 2023 were 0.51% and 0.5%, respectively. The compound annual growth rate (CAGR) from 2019 to 2023 stands at 0.42%. Looking forward, forecasted data predict a CAGR of 0.36% through 2028, leading to a volume of 57.07 million metric tons in that year.
Future trends to watch for:
- Technological advancements and automation in sugar cane processing.
- Impact of climate change on sugar cane yield and processing volumes.
- Changes in governmental policies and subsidies related to the sugar industry.
- Market demand shifts, especially with the increasing focus on reducing sugar consumption for health reasons.
