In 2023, sorghum production at the farm gate in Mexico was valued at $735.62 million. From 2024 onwards, forecasted data shows a steady increase in value: $743.28 million in 2024, $751.0 million in 2025, $758.64 million in 2026, $766.21 million in 2027, and $773.7 million in 2028. The year-on-year variation reveals consistent growth, indicating a positive trend. Specifically, the growth from 2024 to 2025 is approximately 1.04%, from 2025 to 2026 is around 1.02%, from 2026 to 2027 is about 1.0%, and from 2027 to 2028 is around 0.98%. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.0% per year.
Future trends to watch for include potential impacts from climate change on crop yields, shifts in domestic and global demand for sorghum, and advances in agricultural technology that may boost productivity. Also, policy changes and trade agreements could play a critical role in shaping the economic landscape for sorghum production in Mexico.
