The demand for nuts in Mexico has shown a mixed trend from 2014 through 2023, with fluctuations in both volume and growth rate. In 2023, the demand stood at 172.0 thousand metric tons, reflecting a slight year-on-year increase of 0.58%. Over the past two years, variations have been small, indicating a period of relative stability. The compound annual growth rate (CAGR) over the last five years is around 0.46%, suggesting modest but steady growth is forecasted for the future.
Future trends to watch for include potential changes in consumer preferences towards healthier snacks, which could drive an increase in nuts consumption. Additionally, the impact of economic factors, such as inflation and disposable income, should be monitored as they could influence demand in the upcoming years.
