The tomato market in Mexico has shown considerable growth from 2014 to 2023, with volumes increasing from 1.99 million metric tons to 2.85 million metric tons. A notable growth of 1.75% year-on-year was observed in 2023. The market has navigated through periods of fluctuating growth, experiencing significant increases in 2015, 2017, and 2018, contrasted with slight declines in 2019 and 2020.
From 2018 to 2023, the compound annual growth rate (CAGR) averaged 1.4%. The market is forecasted to sustain this growth trend with an expected CAGR of 1.35% over the next five years, culminating in a market size of 3.11 million metric tons by 2028.
Future trends to watch for include technological advancements in agricultural practices, shifts in export dynamics, and the impact of climate change on crop yields. Monitoring these factors will be crucial for stakeholders in the tomato market.
