The forecast for cherries yield in Mexico indicates a variable trend over the last decade, with significant fluctuations observed. The yield in 2023 stood at 29.96 thousand hectograms per hectare. Over the past two years, the yield showed modest growth, with a year-on-year variation of 2.2% in 2022 and 2.11% in 2023. Analyzing the five-year period leading to 2023, the compound annual growth rate (CAGR) was approximately -4.18%, reflecting a general downward trend.
Looking forward, the forecasted data from 2024 to 2028 indicates a steady increase in yield. The five-year forecast suggests a CAGR of 1.5%, leading to a projected growth rate of 7.71% by 2028. The yield is expected to reach 32.9 thousand hectograms per hectare by 2028.
Future trends to watch for include:
- Potential impact of climate change on cherry yields.
- Technological advancements in agricultural practices.
- Shifts in export demand and market prices affecting production outputs.
- Government policies and support for cherry farmers.
