From 2013 to 2023, barley beer production in Mexico exhibited overall growth with some fluctuations. Starting at 8.521 million metric tons in 2013, production reached 13.366 million metric tons in 2023. Noteworthy increases occurred in 2015 (12.86%), 2016 (7.62%), and 2018 (8.84%). However, downturns appeared in 2013 (-2.39%) and 2020 (-2.36%). Recent years saw modest growth, with 2.53% in 2022 and 2.42% in 2023. The 5-year CAGR leading to 2023 was 2.22%, reflecting a steady, if slow, growth trajectory.
Forecast for the period from 2024 to 2028 anticipates continuous growth, peaking at 15.017 million metric tons by 2028, with a forecasted 5-year CAGR of 1.83% and an overall growth rate of 9.5%.
Trends to watch for:
- Potential market expansions or contractions due to economic factors
- Impact of technological advancements in production
- Changes in consumer preferences and consumption patterns
- Regulatory changes that may affect production capacities