The oilseeds market in Mexico stood at 365.0 thousand metric tons in 2023. Forecasted data from 2024 to 2028 shows a steady increase in volume from 366.0 to 373.73 thousand metric tons. The year-on-year growth rates are minor but consistent: 0.54% from 2024 to 2025, 0.53% from 2025 to 2026, 0.52% from 2026 to 2027, and 0.51% from 2027 to 2028. This period's compound annual growth rate (CAGR) reflects an average yearly growth of approximately 0.52%.
Future trends to watch for include:
- Technological advancements in agricultural practices potentially boosting yield.
- Changes in domestic and international demand impacting supply chains.
- Government policies and trade agreements affecting import/export volumes.
- Environmental factors such as climate change and their impact on production.