In 2023, the value of coffee imports to Mexico stood at a base point from which we can see forecasted increases. For the years 2024 to 2028, the forecasted values exhibit a steady growth in import value, from $76.24 million in 2024 to $79.54 million in 2028. This projection suggests an overall positive trend in coffee import value, important for strategic planning and market analysis. Observing the year-on-year variation, the increase from 2024 to 2025 is approximately 1.1%, and from 2025 to 2026 is about 1.1%. Similar trends are noticed across subsequent years, signaling consistent growth.
Key takeaways of this forecast:
- Annual growth is modest yet steady, indicating a stable demand for imported coffee in Mexico.
- The compound annual growth rate (CAGR) over the five years is low, reflecting stable market conditions rather than rapid growth.
Future trends to watch for include potential changes in global coffee prices, supply chain disruptions, and shifts in domestic coffee production. Additionally, changes in consumer preferences and economic conditions could significantly impact future import values.