The analysis of barley production at the farm gate in Mexico from 2013 to 2023 reveals fluctuating trends, with significant variations year-on-year. The value stood at $248.99 million USD in 2023. From 2013 to 2023, there were noticeable fluctuations with some substantial increases in 2014 (29.5%) and decreases in 2020 (-18.97%). Over the last five years, the compound annual growth rate (CAGR) was relatively steady at approximately 1.45%. Forecasts from 2024 to 2028 anticipate continued moderate growth, with an expected CAGR of 1.17% and a total growth rate of 5.96% by 2028.
Future trends to watch for include potential impacts from climate change on crop yields, government policies affecting agricultural production, and fluctuations in global barley demand, which could influence the economic viability of barley farming in Mexico.
