In 2023, the olive oil supply in Mexico stood at 60.0 Thousand Metric Tons. As of 2024, the olive oil supply is forecasted to be 62.0 Thousand Metric Tons, marking a year-on-year increase of 3.3%. The supply is projected to grow steadily, reaching 67.0 Thousand Metric Tons by 2028. This indicates a consistent annual growth rate, with an average Compound Annual Growth Rate (CAGR) of approximately 2.7% over the five-year period from 2024 to 2028. Year-on-year variations average around 1.6% across the forecast period.
Future trends to watch for in the Mexican olive oil market include potential shifts in consumer preferences towards healthier, natural oils, which could drive demand. Pay attention to advancements in agricultural technologies and practices that might boost production efficiency and yield. Additionally, monitor trade policies and international market dynamics that could impact supply chains and price stability.
